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Mubadala Spends $19 Billion as Fund Expands Into New Industries

  • Abu Dhabi fund monetizes assets for about $15b last year
  • Mubadala is part of Abu Dhabi’s efforts to diversify economy

Mubadala Investment Co., an investor in SoftBank Group Corp.’s technology fund, spent about $19 billion last year as the Abu Dhabi wealth fund expanded into more industries.

The fund invested additional and recycled capital across its existing sectors including technology, aerospace, commodities and financial services, as well as in new areas such as medtech, pharma and agribusiness, according to a statement. At the same time, Mubadala monetized assets for about $15 billion.