ABU DHABI, United Arab Emirates & NEW YORK — Mubadala Capital, the alternative asset management arm of Mubadala Investment Company, today announced a strategic investment from Apollo (NYSE: APO) to support its next phase of growth. Building on their existing relationship, Apollo will take a minority equity stake in Mubadala Capital and commit capital across its various investment strategies, working alongside Mubadala Capital as it continues scaling a world-class alternative asset manager.

Founded in 2011, Mubadala Capital has rapidly grown into a next-generation alternative asset manager with a core alternatives business managing over $60 billion across five investment strategies. Apollo’s investment will help the firm broaden…