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Mubadala Capital’s second Brazil fund raises $710m

By Pramod Kumar
Mubadala Capital's Brazil Special Opportunities Fund II will invest in mature companies facing some form of complexity or distress Mubadala
Mubadala Capital's Brazil Special Opportunities Fund II will invest in mature companies facing some form of complexity or distress

Mubadala Capital, the wholly owned asset management subsidiary of Abu Dhabi’s Mubadala Investment Company, has closed its second flagship investment fund in Brazil, with total commitments of over $710 million.

Brazil Special Opportunities Fund II has raised capital from a range of global investors, including a public pension fund, family offices, corporates, private equity funds and asset managers across North America, Europe, the Middle East and Asia.

The fund will invest in mature companies facing some form of complexity or distress, but where the “underlying business fundamentals are compelling”. 

The new fund comes after Mubadala Capital closed the first Brazil fund with commitments of $322 million in February last year.

Mubadala Capital was the first sovereign wealth fund to manage capital on behalf of third-party institutional investors.

It manages an estimated $20 billion across its own balance sheet investments and third-party capital vehicles across its private equity, solutions, venture capital and Brazil businesses. 

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