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Mubadala Capital secures $5bn commitment from Apollo
Apollo Global Management takes minority equity stake alongside other strategic investors in Abu Dhabi asset manager.
Mubadala Capital announced on 26 October 2026 a strategic investment from Apollo Global Management, with Apollo taking a minority equity stake and committing capital across the firm's investment strategies. The transaction includes an expected $5 billion in total commitments to Mubadala Capital's funds from Apollo and other strategic investors joining as minority shareholders.
Transaction structure and ownership#
Mubadala Investment Company remains the majority shareholder in Mubadala Capital following the transaction. Silver Rock Financial is also an equity holder. Following the entry of new minority shareholders, the firm will maintain independent operations under its current governance framework, with the existing management team holding full authority over both investment decisions and day-to-day operations, the company stated in its media release.
Platform scale and investor base#
Founded in 2011, Mubadala Capital manages over $60 billion across five distinct investment strategies as of the announcement date. Apollo Global Management had approximately $1.05 trillion of assets under management as of late June 2026. The investment will enable both firms to reach a broader global investor base, according to statements from the companies.
Closing timeline and approvals#
The deal is scheduled to complete during the fourth quarter of 2026, pending regulatory and legal clearances. Hani Barhoush, chief executive of Mubadala Capital, stated that Apollo has served as a trusted partner over multiple years. John Zito, co-president of Apollo Asset Management, said the investment reflects conviction in the asset management platform Mubadala Capital has built.
Commitment allocation#
The $5 billion in commitments will be allocated across Mubadala Capital's various investment strategies. The announcement did not specify the breakdown of commitments between Apollo and other strategic investors joining the transaction. The investment deepens the existing partnership between Apollo and Mubadala Capital, according to the companies' statements.
Sources3 sources across 3 domains
- thenationalnews.comThe NationalApollo taking minority equity stake, $5 billion total commitment, transaction structure, closing timeline Q4 2026, executive quotes
- forbesmiddleeast.comForbes Middle East$5 billion commitment figure, expansion of global private markets business
- arabianbusiness.comArabian BusinessCorroboration of transaction announcement and strategic partners involvement
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