Mubadala Capita closed its third Private Equity fund, at $1.6 billion.
MIC Capital Partners III (“Fund III”) raised capital commitments from a diverse set of new and existing investors including leading pension plans, endowments, insurance plans, government institutions, family offices and private equity firms across North America, Europe, the Middle East and Asia.
The fund is focused on direct investments in North America and Europe across the following core sector areas where the team has a strong network and track record including Media, sports and entertainment, Consumer and food services, Financial services and Industrials and business services.
To date, Fund III consists of approximately $1.4 billion of investments across nine high-quality assets including:
- REEF Technology, a proximity-as-a-service platform enabling and accelerating the growth of the North American on-demand economy;
- YES Network, a Regional Sports Network in the New York and Tri-State area; and
- Peterson Farms, a processor of fresh-cut apples, quick-frozen fruit products and not-from concentrate juice in the United States, among others.
Led by Adib Mattar, Head of Private Equity, Mubadala Capital manages c. $9 billion of assets in third-party managed funds across its private equity, public equities, venture capital and Brazil businesses, and is the first sovereign wealth fund to manage third-party capital on behalf of other institutional investors. The firm has headquarters in Abu Dhabi and opened offices in New York and London.
