Skip to content Skip to Search
Skip navigation

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. 

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]

Car, Transportation, Vehicle

Dubai Taxi to pay $43m dividend despite profit drop

Dubai Taxi Company, a subsidiary of the emirate’s transport regulator, has approved a dividend payout of AED159 million ($43 million) for the first half of 2024 despite a marginal 1 percent increase in net profit. Net earnings reached AED187.4 million in the first six months of the year, compared to AED186.3 million at the same […]