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Mubadala Capital, Seviora Holdings
Mubadala Capital, the alternative asset management arm of Abu Dhabi-based sovereign investor Mubadala Investment Company, and Seviora Holdings, a Singapore-based asset management group, owned by Temasek, have signed a Memorandum of Understanding (MOU) to create a partnership.

The pact is a milestone in the relationship between Mubadala Capital and Seviora Holdings, creating a platform for both organisations to explore opportunities. 

Under the MoU, both organisations will use their resources to pursue co-investment opportunities and other opportunities globally that align with their long-term goals, including in Singapore and the United Arab Emirates. A joint working committee with representatives from both organisations will be created and tasked with implementing the objectives of the MoU and to facilitate the exchange of knowledge and best practices, the firms said in a statement.

“We are excited to partner with a like-minded institution such as Seviora Holdings and to explore new avenues for growth together. Our approach is built on long-term partnerships, and we believe this collaboration will unlock significant opportunities as we continue to pursue global investment initiatives,” Hani Barhoush, CEO and managing director of Mubadala Capital, said.

“We are thrilled to partner with Mubadala Capital, as we expand and extend our footprint into the Middle East and other regions. Harnessing our combined expertise, deep market insights and global investment networks, this MOU will enable us to jointly identify and leverage the most compelling investment and growth opportunities globally,” Jimmy Phoon, CEO of Seviora Holdings, added.

Mubadala Capital manages more than $23 billion of assets through its four investment businesses spanning various private market strategies, including private equity, special situations, solutions and venture capital. It has offices in Abu Dhabi, New York, London, San Francisco and Rio De Janeiro.