#AbuDhabi's Mubadala Aims to Double Exposure to Asia by End of the Decade - Bloomberg

Abu Dhabi's Mubadala Aims to Double Exposure to Asia by End of the Decade - Bloomberg

Mubadala Investment Co. is seeking to roughly double its exposure to Asia, joining a bevy of Abu Dhabi-based entities eyeing opportunities in faster-growing emerging markets.

Across Mubadala, “out of our roughly $300 billion in assets under management, only 12% is in Asia today and we want to move that number closer to 25%,” by as soon as 2030, Camilla Macapili Languille, head of the fund’s life sciences and healthcare investments division said in an interview.

While investments in North America and Europe make up a chunk of Mubadala’s portfolio, the Abu Dhabi-based sovereign wealth fund is shifting its attention to emerging-markets where it is currently “underweight,” namely in China, India, Japan and South Korea, according to Macapili Languille whose unit is in charge of international healthcare investments.

“The US will continue to be a core market for us not only for healthcare but in general for the broader private equity business,” she said. Still, “we have always had an interest in Asia.”

Mubadala’s healthcare investment division writes “smaller checks of $200 million to $500 million,” in Asia, compared with up to $1 billion in North America and Europe, she said, “but again, we have flexibility to move up.”