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Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

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Q2 pre-tax net profit increases by 14 percent.

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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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