Abu Dhabi state investor Mubadala sets up venture capital arm

Abu Dhabi state investor Mubadala sets up venture capital arm:

"Abu Dhabi’s state fund Mubadala Investment Company said it has launched a venture capital arm that will oversee an early growth fund set up with Japan’s SoftBank, and a fund of funds focusing on emerging fund managers.

A ventures investment team will be based in San Francisco, the first Mubadala office in the United States, it said in a statement on Wednesday.

The team will also oversee and manage Mubadala’s $15 billion commitment to the SoftBank Vision Fund, working in close partnership with SoftBank executives in California."



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