# Apollo to buy stake in Abu Dhabi asset manager

> Apollo Global Management is finalizing a deal to buy nearly 10% of Mubadala Capital, deepening ties with Abu Dhabi's sovereign wealth fund.
- Title: Apollo to buy stake in Abu Dhabi asset manager · CNBC
- Summary: Apollo Global Management is finalizing a deal to buy nearly 10% of Mubadala Capital, deepening ties with Abu Dhabi's sovereign wealth fund. Apollo Global…
- Keywords: apollo global management, mubadala capital, mubadala investment co, abu dhabi, alternative asset management, investment deal, sovereign wealth fund, business, finance, Apollo, buy, stake
- Source: CNBC — https://cnbc.com/2026/10/26/apollo-mubadala-capital-stake.html
- Author: Scott Wapner
- Published: 2026-10-26T11:31:16+00:00
- Read time: 1 min
- Topics: apollo global management, mubadala capital, mubadala investment co, abu dhabi, alternative asset management, investment deal, sovereign wealth fund, business, finance
## Apollo buys into Mubadala Capital
Apollo Global Management is finalizing a deal to buy nearly a ten percent stake in Mubadala Capital, the alternative asset manager subsidiary of Abu Dhabi's sovereign wealth fund Mubadala Investment Co.
## Mubadala Capital's scale and reach
Mubadala Capital manages, advises and administers more than seven hundred fifty five billion dollars.Its wholly owned core alternatives businesses manage and invest more than sixty billion dollars.The firm is the region's only large-scale asset manager.
## Apollo's 15-year strategy in Abu Dhabi
The deal advances Apollo's ambitions in Abu Dhabi, often called the capital of capital.Apollo has spent the past fifteen years building key strategic relationships with both the country's investment arm and its core leadership.
## Prior joint ventures deepen the tie
In two thousand twenty-three, Apollo and Mubadala formed a two point five billion dollar joint venture to co-invest in global private credit opportunities over a five-year horizon.
## Shift in US-Middle East investment
The deal reverses the traditional dynamic where Abu Dhabi was mainly a source of capital for American firms.Apollo is now making a significant direct investment in the country and its investment vision.

> Capital as a moat is a big thing.
## Key takeaway

Apollo Global Management is buying nearly 10% of Mubadala Capital, the alternative asset manager subsidiary of Abu Dhabi's sovereign wealth fund, marking a shift in how American investment firms engage with the Middle East.