Mubadala Capital, the asset management subsidiary of Mubadala Investment Company (Mubadala), has closed its first fund in Brazil, Brazil Special Opportunities Fund I (BSOF I), with total commitments of $322 million. BSOF I raised capital from a diverse set of global investors, including a leading public pension fund, family offices, corporates, private equity funds and asset managers across North America, Europe, the Middle East and Asia.

Mubadala Capital is a differentiated and value-added investor that is able to source proprietary investment opportunities on a global basis while actively leveraging the Mubadala network in its various business activities. Its highly disciplined and institutionalised process of evaluating investment opportunities provides unique advantages to the benefit of its investors.

Mubadala Capital manages over $10 billion of assets in third-party managed funds across its Brazil, private equity, public equities and venture capital businesses, and Mubadala was the first sovereign wealth fund to manage third-party capital on behalf of other institutional investors. The growth of Mubadala Capital as a global asset management firm with headquarters in Abu Dhabi and a focus on international investment activities is a further testament to Mubadala’s entrepreneurial approach to business building and a continued diversification away from a reliance on natural resources.

Read more: WAM