FINANCIAL NEWS

Abu Dhabi’s Mubadala invests additional $500m in Carlyle Group

17 Dec 2010

(MENAFN) Khaldoon Al Mubarak, Chief Executive Officer at Mubadala Development Company, Abu Dhabi’s state-backed investment fund, announced that it has invested $500 million, in addition to a previous purchase of 7.5 percent stake in 2007, in US asset management firm the Carlyle Group, Arabian Business.

According to Al Mubarak, in exchange for its $500m investment, Mubadala will receive a combination of convertible subordinated notes and additional equity in the Carlyle general partnership.

Abu Dhabi-based Mubadala’s collaboration with the Carlyle Group, which currently has $97.7bn of assets under management, aims to identify investment opportunities in the Middle East and North Africa, specifically in the healthcare, aerospace and technology sectors, said Al Mubarak.

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