Apollo to Make Strategic Investment in Mubadala Capital 

Paul, Weiss is advising Apollo on its strategic investment in Mubadala Capital, the alternative asset management arm of Mubadala Investment Company. Under the deal, Apollo will build on their existing relationship and take a minority equity stake in Mubadala Capital. As part of the transaction, additional strategic investors will also join as minority shareholders in Mubadala Capital and, together with Apollo, are expected to commit an aggregate of $5 billion to Mubadala Capital’s investment strategies at initial close. Mubadala Investment Company will remain the majority shareholder. The deal is expected to close in the fourth quarter of 2026, subject to regulatory and legal approvals.

The Paul, Weiss team is led by corporate partners Joseph Glatt, Matthew Collin and Matthew Goldstein, and includes partners Flora Go, Luke Jennings and David Sobel, and counsel Farzaan Ijaz; tax partners Cian O’Connor, Reuven Garrett and Brad Okun, and counsel Daniel Bleiberg; and antitrust partner Charles Crandall.