Apollo to Take Stake in Mubadala Capital -- WSJ

By Mark Maurer

Apollo Global Management said it will acquire a stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi's sovereign-wealth fund, Mubadala Investment Company.

Apollo and additional strategic investors would together commit $5 billion to Mubadala Capital as part of the deal, the private-capital giant and Mubadala said. The investment would represent a nearly 10% stake in Mubadala Capital, a person familiar with the matter said.

Mubadala said Apollo's investment will help the firm expand its investor base and pursue new opportunities globally.

CNBC earlier reported that a deal was close.

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October 26, 2026 08:56 ET (12:56 GMT)