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FinancialNews


  • 17-12-10

    Abu Dhabi's Mubadala invests additional $500m in Carlyle Group

    (MENAFN) Khaldoon Al Mubarak, Chief Executive Officer at Mubadala Development Company, Abu Dhabi's state-backed investment fund, announced that it has invested $500 million, in addition to a previous purchase of 7.5 percent stake in 2007, in US asset management firm the Carlyle Group, Arabian Business. According to Al Mubarak, in exchange for its $500m investment, Mubadala will receive a combination of convertible subordinated notes and additional equity in the Carlyle general partnership. Abu Dhabi-based Mubadala's collaboration with the Carlyle Group, which currently has $97.7bn of assets under management, aims to identify investment opportunities in the Middle East and North Africa, specifically in the healthcare, aerospace and technology sectors, said Al Mubarak.

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