Mubadala Adds to Tech Exposure With $400 Million European Fund
- SoftBank Group will participate as a strategic investor
- Mubadala Ventures manages $15b commitment to SoftBank fund
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Mubadala Investment Co. plans to create a $400 million fund to invest in European technology companies as the Abu Dhabi wealth fund increases its exposure to the sector.
SoftBank Group will participate as a strategic investor in the fund that will be managed by Mubadala Ventures, the Abu Dhabi-based fund said in a statement. "The fund will target founder-led, high-growth technology companies with global scale and impact."