UAE – Mubasher: Mubadala Capital has formally commenced its operations as a wholly-owned asset management subsidiary of Mubadala Investment Company as of 18 November.

The unit will be operating within Mubadala’s Disruptive Investments portfolio, according to a press release on Thursday.

Abu Dhabi-headquartered Mubadala Capital, which has been in the market for the past 10 years, currently manages more than $15 billion of assets through its offices in New York, London, San Francisco, and Rio de Janeiro.

The unit consists of four integrated businesses; private equity, public equities, venture capital (VC), in addition to a Brazil-focused business.

Commenting on the official commencement of operations, Hani Barhoush, CEO of Mubadala’s Disruptive Investments platform, and CEO and Managing Director of Mubadala Capital, said: “We [Mubadala] will be able to accelerate the growth of Mubadala Capital and more rigorously pursue our highly focused investment strategies, while continuing to invest both through our own balance sheet and on behalf of our external investors.”