Mubadala Capital Successfully Concludes Second Investment Fund in Brazil, Securing $710 Million

11 Oct, 2023

Mubadala Capital Successfully Concludes Second Investment Fund in Brazil, Securing $710 Million

Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, has successfully closed its second investment fund in Brazil, securing total commitments exceeding $710 million.

Known as the Brazil Special Opportunities Fund II (BSOF II), this fund attracted capital from a diverse range of global investors, including a prominent public pension fund, family offices, corporations, private equity funds, and asset managers spanning North America, Europe, the Middle East, and Asia, as announced by Mubadala in an official statement.

While specific details about the investors were not disclosed, Oscar Fahlgren, Chief Investment Officer and Head of Brazil Strategy at Mubadala Capital, expressed, "The consummation of our second Brazilian flagship fund marks a decade-long track record of successfully operating and investing in Brazil. We believe that the success of this fundraise is a testament to both our consistent investment strategy and the strength of our local investment team who continuously seek to drive positive outcomes for our investors."

The primary focus of BSOF II will be on investments in control positions within mature companies that may be grappling with complexities or distress, yet demonstrate strong underlying business fundamentals, according to Mubadala.

In November 2021, Mubadala Capital commenced its operations as the wholly-owned asset management unit of Mubadala Investment Company, aligning with Mubadala's strategic commitment to actively explore investment opportunities on a global scale.

Established in 2011, Mubadala Capital has experienced significant growth over the past decade, establishing a global presence with offices worldwide. It presently oversees a combined portfolio of nearly $20 billion, encompassing its own balance sheet investments and third-party capital vehicles within private equity, solutions, venture capital, and Brazil-focused ventures.

In the first quarter of this year, Brazilian exports to the UAE reached $714.07 million, while imports from the UAE totaled nearly $357 million, as reported by the Arab-Brazilian Chamber of Commerce in an April statement.