Mubadala Capital secures Apollo investment

Mubadala Capital, the alternative asset management arm of Mubadala Investment Company, is progressing into a significant new phase of growth through a strategic investment from Apollo. This partnership underscores an already existing relationship, with Apollo set to acquire a minority equity stake in Mubadala Capital. This investment will allow Apollo to commit capital across a variety of investment strategies, ensuring that Mubadala Capital can continue evolving as a world-class alternative asset manager. The transaction is anticipated to close during the fourth quarter of 2026, pending the necessary regulatory and legal approvals.

Skadden is serving as the legal advisor to Mubadala Capital in this important venture. The sophisticated team at Skadden includes M&A partners Blair Thetford from New York, David Niemeyer from Los Angeles, and Justin Top as counsel, also based in New York. Additionally, the advisory group features National Security partner Michael Leiter from Washington, D.C., alongside Tax partners Victor Hollender from New York, James Anderson in London, and Kate Mathieu also from Washington, D.C. M&A/Private Equity partner Katja Butler from London rounds out the team, highlighting the firm's comprehensive expertise throughout this critical investment process.