Abu Dhabi’s sovereign investor Mubadala Investment Company and Temasek-owned Seviora Holdings, an asset management group, have teamed up to pursue co-investment opportunities and other strategic ventures globally, including in Singapore and the UAE.
As part of the partnership, a joint working committee comprising representatives from both organisations will implement the objectives of the MOU and facilitate the exchange of knowledge and best practices.
The alliance marks an important step in the evolving relationship between Mubadala Capital and Seviora Holdings, providing a platform for both organisations to explore joint opportunities.
The partnership allows the Singapore asset manager to extend its footprint into the Middle East and other regions.
“Harnessing our combined expertise, deep market insights and global investment networks, this MoU will enable us to jointly identify and leverage the most compelling investment and growth opportunities globally,” stated Jimmy Phoon, CEO of Seviora Holdings.
“Our approach is built on long-term partnerships, and we believe this collaboration will unlock significant opportunities as we continue to pursue global investment initiatives,” said Hani Barhoush, CEO and Managing Director of Mubadala Capital.
The sovereign investor recently announced the closing of its Private Equity Fund IV with total commitments of $3.1 billion, exceeding its initial target by more than $1 billion.
Fund IV attracted commitments from both new and existing limited partners, including leading US pension funds, university endowments, insurance plans, sovereign wealth funds, other asset managers and family offices across key markets in North America, Europe, the Middle East, and Asia.
The fund will target middle-market companies in various sectors, including media, sports & entertainment, consumer & food services, financial services, and business services.