Mubadala Capital completes first investment fund in Brazil

Mubadala Capital, the asset management arm of Mubadala Investment Company in Abu Dhabi, has closed its first fund in Brazil, with $322 million in commitments.

A “diverse set” of global investors, including a “leading public pension fund,” family offices, corporates, private equity funds, and asset managers from North America, Europe, the Middle East, and Asia, contributed to the Brazil Special Opportunities Fund I (Bsof I), according to a statement released on Monday.

However, it did not give any information on the investors.

“We began investing in Brazil almost 10 years ago and over that time we have built a highly talented team with a differentiated approach to the market underpinned by maximising upside while simultaneously mitigating risk,” Oscar Fahlgren, head of the Brazil strategy at Mubadala Capital, said.

The closing of Bsof I is a “meaningful vote of confidence by the market in our ability to originate compelling new investment opportunities and create value across our portfolio in order to deliver strong returns to our investors”, he added.