Abu Dhabi’s Mubadala Capital is collaborating with Aldar, the biggest developer of the Emirate, to initiate a real estate investment platform, Aldar Capital, which is set to pursue opportunities throughout the UAE and GCC.
Aldar Capital intends to start its first fund with a target of raising $1 billion to be launched next year. It will also target the global institutional investors, which include sovereign wealth funds, pension funds, fund of funds, insurance companies, and family offices.
CEO of Mubadala Capital, Hani Barhoush, said that access to institutional-grade opportunities in the UAE and the GCC has been restricted to institutional investors seeking real assets to diversify and generate long-term returns.
He stated that “Aldar Capital will bridge this gap with a transparent, globally compliant platform backed by deep regional expertise.”
The platform will provide funds on the entire spectrum of risk and risk-return to meet the various goals of world institutional investors.
Mubadala Capital is the asset management division of the Abu Dhabi sovereign investor, Mubadala Investment Company, and manages over $430 billion in assets.
