The Olam

TWG Global

Sovereign & Strategic Capital

TWG Global became sovereign-adjacent in 2025 with its $2.5 billion minority stake in Mubadala Capital — aligning a major US private platform with one of the largest sovereign investment platforms in the Gulf. The arrangement opens a new pathway for cross-border capital flows that intersect with the Israeli market.

TypePrivate holding company
Founded2024
HeadquartersUnited States
PrincipalsMark Walter (Guggenheim Partners CEO; co-founder); Thomas Tull (founder of Legendary Entertainment; co-founder)
Mubadala Capital stake$2.5 billion minority commitment (2025)

TWG Global is the private holding company led by Mark Walter (Chief Executive of Guggenheim Partners) and Thomas Tull (founder of Legendary Entertainment, former Guggenheim Partners partner). The vehicle was established to run as a long-horizon holding platform across multiple sectors — financial services, technology, sports, content, and adjacent categories — combining private operating-company ownership with selective institutional partnership.

In 2025, TWG Global committed $2.5 billion as a minority stake in Mubadala Capital, the asset-management subsidiary of Abu Dhabi's Mubadala Investment Company. The transaction made TWG Global a sovereign-adjacent platform with material institutional alignment to one of the largest sovereign investment platforms in the Gulf. Mubadala Capital manages roughly AED 110 billion (~$30 billion), two-thirds on behalf of third-party institutional investors — the TWG commitment expands the third-party-managed pools and signals continued institutional confidence in the Mubadala investment-management capability.

For Israeli capital markets, TWG Global anchors an emerging pattern: large US private institutional capital aligning closely with sovereign-adjacent positioning in the Gulf, with potential downstream effects on the categories of cross-border transactions that can be structured. The arrangement is novel and still developing; its operational implications for Israeli technology, real estate, and adjacent investment categories are forward-looking rather than fully determined.

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Sources

TWG Global disclosures; Guggenheim Partners; Mubadala Capital; Bloomberg; published research. Data current as of Q2 2026.

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