Abu Dhabi, UAE – Apollo Global Management announced on Monday, 26 October 2026, that it will invest more than $1 billion to acquire a stake of less than 10% in Mubadala Capital, the alternative asset management arm of Abu Dhabi’s Mubadala Investment Company.
Additional strategic investors are expected to join the transaction, bringing total anticipated commitments to around $5 billion to support Mubadala Capital’s overseas investment strategies. Apollo itself manages more than $1 trillion in assets.
Part of a wider wave of capital into Abu Dhabi
The deal is the latest in a series of moves by major global investors deepening their ties with the UAE capital:
- In February 2026, Abu Dhabi developer Aldar raised $1 billion in funding from Apollo.
- In May 2026, BlackRock’s Global Infrastructure Partners joined Temasek and Abu Dhabi entities, including ADNOC and the newly established sovereign fund L’imad Holding Company, in a consortium aiming to invest $30 billion in infrastructure across the Gulf and Central Asia.
- Abu Dhabi Global Market (ADGM) reported a 57% rise in assets under management in the first quarter of 2026, while the number of asset and fund managers in the financial centre grew 24% to 179.
- Global firms including Capital Group and State Street have chosen Abu Dhabi as a regional base.
What it signals
A minority investment from one of the world’s largest alternative asset managers into a sovereign-backed manager is a strong vote of confidence in the UAE as an investment hub. For the local financial services sector, it points to continued growth in fund management activity, hiring and partnerships across Abu Dhabi and the wider UAE.
Source: The National.
