Mubadala Capital Closes First Fund in Brazil

Posted on 02/14/2022

Mubadala Capital is the asset management subsidiary of Mubadala Investment Company. Mubadala Capital has closed its first fund in Brazil, Brazil Special Opportunities Fund I (BSOF I), with total commitments of US$ 322 million. BSOF I raised capital from a diverse set of global investors, including a public pension fund, family offices, corporates, private equity funds, and asset managers across North America, Europe, the Middle East, and Asia.

Mubadala started investing in Brazil nearly a decade ago. Mubadala has an investment team in Brazil.

BSOF I is focused primarily on control positions in mature companies that are facing some form of financial or legal distress but where the underlying business fundamentals are compelling. This strategy enables BSOF I to acquire businesses at attractive entry prices, creating a margin of safety at the closing of the transaction that reduces BSOF I’s dependency on Brazil’s economic cycles including currency depreciation while retaining the upside exposure associated with a growing economy. Mubadala Capital is a differentiated and value-added investor that is able to source proprietary investment opportunities on a global basis while actively leveraging the Mubadala network in its various business activities.

Mubadala Capital manages over US$ 10 billion of assets in third-party managed funds across its Brazil, private equity, public equities and venture capital businesses, and Mubadala was the first sovereign wealth fund to manage third-party capital on behalf of other institutional investors.

Fund name: MIC Capital Partners (Brazil Special Opportunities) FIP 1, LLC (based in Delaware).

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