UAE - Mubasher: Mubadala Investment Company-backed fund, Abu Dhabi Catalyst Partners, is planning to secure more capital following its investments of around $1 billion made over the last 18 months, the fund's CEO, James Munce, told Reuters.
Munce said that Abu Dhabi Catalyst Partners had entered into 21 investments at an average of $50 million since its establishment, with some deals investing up to $100 million.
In 2019, the fund was established by Mubadala and the US alternative asset manager Falcon Edge Capital with $1 billion in capital to contribute to the development of the Abu Dhabi Global Market (ADGM).
"My view on it is this can grow to be another $1 billion and we have $2 billion deployed over the next 18 months from here. That will be a four-year-track record of a $2 billion fund and we would start to get some relevance in the region," the fund's CEO told Reuters.
It is noteworthy to mention that in March, Mubadala and Abu Dhabi Catalyst Partners invested $150 million in five-year pre-IPO convertible bonds of Telegram.
