Apollo nears deal to buy 10% stake in Mubadala Capital, CNBC reports
Apollo Global Management (NYSE: APO) is close to acquiring a 10% stake in Mubadala Capital, according to CNBC. The deal, potentially announced Monday, links Apollo with Abu Dhabi's sovereign wealth fund. Mubadala Capital manages over $755 billion in assets. The alliance aims to boost Apollo's presence in the UAE and Mubadala's global growth. The firms have previously collaborated on multibillion-dollar partnerships.
How this was made
The 30-second read
Why it matters
The transaction deepens Apollo's presence in the Middle East, potentially unlocking new deal flow and diversifying its asset base.
Market read
First‑report of a strategic minority stake purchase; likely to move APO stock in pre‑market trading.
What to watch
The lack of disclosed valuation and potential regulatory approvals in the UAE could delay closing.
Background
Apollo Global Management is a leading US alternative asset manager; Mubadala Capital is the private‑asset arm of Abu Dhabi's sovereign wealth fund.
Ticker impact
Apollo Global Management (APO) is finalizing a deal to acquire a roughly 10% minority stake in Mubadala Capital.
likely modest upside as the market prices in the strategic expansion.
First‑report of a strategic minority investment; no valuation disclosed but the deal expands Apollo's geographic footprint.
Market effects
Highlights growing interest of US alternative asset managers in Gulf sovereign wealth funds, potentially boosting the broader alternative‑asset sector.
May improve perception of Middle‑East investment opportunities among global investors.
Adds to the narrative of cross‑border capital flows between Western private equity and Gulf sovereign investors.
Counterpoint
If the stake is priced at a premium, it could strain Apollo's balance sheet and weigh on the stock.
Key entities
- CompanyApollo Global Management
US‑listed alternative asset manager (ticker APO).
- CompanyMubadala Capital
Private‑asset subsidiary of Mubadala Investment Company, Abu Dhabi sovereign wealth fund.




