TWG Global, the holding company backed by U.S. billionaires Mark Walter and Thomas Tull, announced Tuesday it is acquiring a minority stake in Mubadala Capital, the asset management arm of Abu Dhabi’s Mubadala Investment Company.
As part of the partnership, TWG will commit $2.5 billion to Mubadala Capital, which will lead a $10 billion syndicated investment into TWG Capital. This forms part of TWG’s broader $15 billion equity raise, both firms confirmed.
“By combining our institutional expertise and capital resources through this unique alignment of interests, we are strengthening our joint abilities to access and scale high-quality investment opportunities globally,” said Hani Barhoush, managing director and CEO of Mubadala Capital.
TWG and its partners are also pledging a further $20 billion over time to deepen the strategic collaboration.
“We are excited to deepen our relationship with Mubadala Capital, a global leader that shares our long-term investment philosophy and our commitment to excellence,” said TWG founder Mark Walter. “The convergence of business and new technology is creating unprecedented investment opportunities.”
TWG Global’s portfolio includes Guggenheim Investments, Guggenheim Securities, and major sports franchises like Chelsea FC, the Los Angeles Lakers, and the Dodgers.
Both firms have ramped up their involvement in AI. In March, TWG announced a joint venture with Palantir Technologies to reshape AI deployment in financial services. Mubadala, meanwhile, is a founding partner of MGX, which is backing a $100 billion AI joint venture endorsed by U.S. President Donald Trump.
The UAE has pledged significant investments in the U.S. since Trump’s 2024 election, including a $20 billion commitment by Damac to U.S. data centers and a $1.4 trillion framework tied to AI infrastructure.
