UAE – Mubasher: Mubadala Capital has concluded its second flagship investment fund in Brazil, with total commitments exceeding $710 million, according to a press release.
Brazil Special Opportunities Fund II (BSOF II) raised capital from a number of global investors, including a leading public pension fund, family offices, corporates, private equity funds, and asset managers across North America, Europe, the Middle East, and Asia.
Oscar Fahlgren, Mubadala Capital’s Chief Investment Officer and Head of the Brazil strategy, said: “The consummation of our second Brazilian flagship fund marks a decade-long track record of successfully operating and investing in Brazil.”
BSOF II will invest mainly in control positions across mature companies that are facing some form of complexity or distress, but where the underlying business fundamentals are compelling.
The strategy enables BSOF II to acquire these businesses at attractive entry points, which provides a margin of safety at the closing of the transaction that lowers its dependency on Brazil’s economic cycles.
It is worth highlighting that Mubadala Capital was the first sovereign wealth fund to manage capital on behalf of third-party institutional investors.
The organisation manages around $20 billion in its own balance sheet investments and third-party capital vehicles across its private equity, solutions, venture capital, and Brazilian businesses.
Last September, Mubadala Capital and Brazilian integrated energy firm Petrobras joined forces to explore investment opportunities and foster energy transition plans.
