Report
Apollo to take stake in Mubadala Capital, reportedly nearly 10%
Bloomberg reports Mubadala Capital is the asset-management arm of Abu Dhabi's $385 billion sovereign wealth fund.
TLDR
Mubadala Capital said Apollo Global Management will take a minority stake and commit capital across its investment strategies, Bloomberg reports. The stake’s size and financial terms were not disclosed, but a person familiar with the deal told Bloomberg the holding would be nearly 10%.
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