Search Site

Trends banner

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

Mubadala invests $200m in Bicycle Capital

In 2022, Mubadala Capital launched the Solutions platform, consisting of three fully integrated businesses.
  • 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.