Ardian and Mubadala Capital agree $2.1bn equity alliance

French private equity firm Adrian has teamed up with Abu Dhabi-based asset manager Mubadala Capital in a deal that could see more than US$2.1 billion in investment.

The equity partnership will see Ardian invest in a portfolio of private equity assets managed by Mubadala Capital and make a primary commitment to Mubadala Capital’s private equity funds.

Mubadala Capital is the asset management arm of the Abu Dhabi sovereign wealth fund.

The two companies have also developed a portfolio with several general partners in North America and Europe and some direct investments, all involving assets previously held on Mubadala Capital’s balance sheet.  

The partnership formalises a relationship between Ardian and Mubadala Capital that’s existed since 2017.

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