UAE's Mubadala Anchors Blue Opal Capital's US Venture Capital Fund

UAE's Mubadala Anchors Blue Opal Capital's US Venture Capital Fund

By Staff Writer, 18 March 2024

In a strategic move to bolster its venture capital portfolio, the UAE's sovereign investor Mubadala Investment Company announced its role as an anchor investor in Blue Opal Capital's latest venture capital fund based in the United States.

Blue Opal Capital, known for its focus on emerging venture capital funds and co-investment opportunities, recently unveiled its Fund-of-Fund platform aimed at identifying and investing in top-tier entrepreneurial venture capitalists, particularly within the US market, according to a statement from the firm.

Highlighting the significance of this collaboration, Mubadala emphasized its intent to leverage this partnership to spot emerging managers that have ascended to become top-performing VC firms, reinforcing its commitment to nurturing and backing promising ventures.

This announcement comes on the heels of Mubadala's recent strides in expanding its investment footprint, notably with a landmark $1 billion agreement inked with Goldman Sachs last month.

The deal, aimed at private credit investments across Asia with a notable focus on India, underlines Mubadala's strategic intent to diversify its $276 billion portfolio across various sectors and asset classes.

In a joint statement issued at the time, Mubadala and Goldman Sachs Alternatives, the latter's asset management arm, detailed their collaboration to explore private credit opportunities across diverse Asia Pacific markets, signaling a concerted effort to capitalize on the region's burgeoning investment landscape.

Source: Bindu Rai / Zawya

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