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Business, Company News, Economy

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

Mubadala invests $200m in Bicycle Capital

In 2022, Mubadala Capital launched the Solutions platform, consisting of three fully integrated businesses.
By TRENDS Desk
June 16, 2023 10:58 pm
  • Bicycle Capital has received $440 million commitments so far.
  • Mubadala's $284 billion portfolio is spread across the globe.

ABU DHABI, UAE – Abu Dhabi-based sovereign wealth fund Mubadala is investing $200 million in a venture firm Bicycle Capital.

Bicycle Capital, a new growth equity firm with its focus on startups in Latin America, is led by Marcelo Claure, the former chief operating officer of SoftBank Group.

Claure is the Executive Chairman and Managing Partner in Bicycle Capital.

The firm has received $440 million commitments so far, Bloomberg reported. Mubadala is investing $200 million, and Claure Group is also investing $200 million, the report said.

Mubadala’s $284 billion portfolio is spread across the globe.

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