New York, United States – Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund, plans to invest more than $1 billion a year in Brazil in a range of holdings from an oil refinery to a toll road.
The firm’s second fund in the country, Brazil Special Opportunities Fund II (BSOF II), has raised over $710 million in commitments. The fund 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.
“The consummation of our second Brazilian flagship fund marks a decade long track-record of successfully operating and investing in Brazil. Our team has developed extensive experience evaluating and completing complex investments, even in situations where the macro-economic environment is not always favourable,” Oscar Fahlgren, Mubadala Capital’s Chief Investment Officer and Head of the Brazil strategy, said.
“We believe that the success of this fundraise is a testament to both our consistent investment strategy and the strength of our local investment team who continuously seek to drive positive outcomes for our investors. Of course, none of this would be possible without the support of our existing and new limited partners who have entrusted us with their capital,” he added.
Mubadala Capital was the first sovereign wealth fund to manage capital on behalf of third-party institutional investors. The organization manages c. $20 billion in aggregate across its own balance sheet investments and third-party capital vehicles across its Private Equity, Solutions, Venture Capital and Brazil businesses.