The Olam

Mubadala Investment Company

Mubadala Investment Company is the Government of Abu Dhabi's principal sovereign-investment platform, managing roughly $330 billion and holding the deepest Gulf sovereign exposure to the Israeli commercial economy.

Mubadala Investment Company is the Government of Abu Dhabi's principal active sovereign-investment platform, formed in 2017 through the merger of Mubadala Development Company, the International Petroleum Investment Company (IPIC), and the Abu Dhabi Investment Council. Mubadala's assets under management reached $385 billion in 2025, up 17 percent from $330 billion a year earlier, according to a company statement reported by AGBI in April 2026. That makes it the world's 15th-largest sovereign wealth fund by the Sovereign Wealth Fund Institute's ranking.

At a Glance

TypeSovereign wealth fund
Founded2017 (merger of three Abu Dhabi state vehicles)
HeadquartersAbu Dhabi, United Arab Emirates
OwnerGovernment of Abu Dhabi
ChairmanSheikh Mansour bin Zayed Al Nahyan
Managing Director and Group CEOKhaldoon Khalifa Al Mubarak
Assets under management$385 billion (2025 disclosure, reported April 2026)
2025 five-year annualized return10.7%
2025 deployment$39 billion invested (up from $32B in 2024); $38 billion in proceeds
Portfolio mix42% private investments, 20% public markets, 17% real estate and infrastructure, 16% alternatives, 5% credit
Geographic mix44% North America, 24% UAE, 15% Europe, 13% Asia Pacific

Source: Mubadala 2025 disclosure, reported by AGBI, April 9, 2026.

What Does Mubadala Invest In?

Mubadala runs a long-horizon return mandate across private equity, public markets, infrastructure, real estate, and credit. The fund operates through a platform-based business model, with dedicated teams managing sector-specific portfolios spanning technology, life sciences, energy transition, semiconductors, aerospace, and financial services. Domestic holdings include stakes in First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates Global Aluminium, Aldar Properties, and AI group G42.

How Is Mubadala's Asset Management Arm Structured?

Mubadala Capital, the fund's asset-management subsidiary, manages roughly AED 110 billion (approximately $30 billion), about two-thirds on behalf of third-party institutional investors, and is led by Managing Director and CEO Hani Barhoush. In April 2025, TWG Global, the investment firm led by Guggenheim Partners founder Mark Walter and financier Thomas Tull, agreed to commit $2.5 billion for a 5 percent minority stake in Mubadala Capital, according to Bloomberg. In the same alliance, Mubadala Capital agreed to anchor and lead a $10 billion syndicated investment into TWG's $15 billion equity raise, with the two sides eyeing up to $20 billion in additional combined capital over time.

Why it works: Allowing an outside investor to hold equity in Mubadala Capital itself, rather than only in its funds, is a rare structural move for a sovereign wealth fund; Bloomberg's reporting on the deal terms confirms it is only the second time an external investor has been permitted to own a piece of the Abu Dhabi entity.

What Is Mubadala's Exposure to Israel?

Mubadala's primary channel into Israel is indirect: disclosed commitments to Israeli-managed venture funds including Pitango, Aleph, Viola Ventures, and Entree Capital, supplemented by direct stakes in selected Israeli-founded companies. On the energy side, Mubadala Energy holds an 11 percent stake in Israel's Tamar gas field as of a July 2026 report by Zawya, a smaller position than the 22 percent stake, worth up to $1.1 billion, that Mubadala signed a non-binding memorandum to acquire from Delek Drilling in April 2021. Mubadala Energy and Isramco, another Tamar stakeholder, have since explored a potential $20 billion natural gas export deal with an Egyptian counterparty, the same Zawya report noted.

Mubadala's Role in Abu Dhabi's Four-Pillar Sovereign Architecture

Mubadala is one of four coordinated Abu Dhabi sovereign vehicles, alongside the Abu Dhabi Investment Authority (ADIA) (approximately $1.13 trillion, external institutional return), L'IMAD Holding (approximately $300 billion, domestic strategic holding, the January 2026 successor to ADQ), and MGX (the dedicated AI-infrastructure vehicle Mubadala co-founded with G42 in March 2024). Mubadala's Khaldoon Al Mubarak also sits on L'IMAD's board, one of several overlapping directorships that coordinate the four-pillar system rather than leaving it to compete internally.

Frequently asked questions

How much money does Mubadala manage?

Mubadala manages $385 billion as of its 2025 disclosure, up 17 percent from $330 billion a year earlier, according to AGBI's April 2026 report on the company's statement.

Who leads Mubadala?

Mubadala is chaired by Sheikh Mansour bin Zayed Al Nahyan, with Khaldoon Khalifa Al Mubarak serving as Managing Director and Group CEO.

What is Mubadala's connection to Israel?

Mubadala invests in Israel primarily through commitments to Israeli-managed venture funds such as Pitango, Aleph, Viola Ventures, and Entree Capital, plus an 11 percent stake in the Tamar gas field held through Mubadala Energy.

What is the difference between Mubadala and ADIA?

Mubadala pursues future-industries direct investment with moderate domestic exposure, while ADIA is an external, institutional-return investor with no domestic industrial-policy role, allocating largely through third-party managers.

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Entity profile last reviewed: September 2026. Figures reflect Mubadala's 2025 disclosure as reported by AGBI, Bloomberg, and Zawya. Data current as of Q3 2026.