Abu Dhabi’s Mubadala Breaks Pattern in €300 Million French Fund - Middle East Real Time - WSJ:
"Mubadala Development, a strategic investment company owned by the Abu Dhabi government, is partnering with France’s CDC International Capital to launch a €300 million co-investment fund, it said Tuesday.
While that’s not huge by Mubadala’s standards – it had about $55.5 billion in assets as of the end of last June – the CDC fund appears to be a departure from Mubadala’s usual approach to foreign investment.
At home, Mubadala has long been at the heart of the Abu Dhabi government’s drive to diversify the local economy away from energy receipts, helping seed and grow new industries like aluminum smelting and aircraft parts manufacturing. It has usually done this in partnership with big developed-market companies like General Electric and Boeing."
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