The second largest state fund of Abu Dhabi has reportedly opened a new office in Beijing.
Abu Dhabi-based Mubadala Investment Company has formally opened its Beijing office, according to an «SCMP» report citing unnamed sources.
An opening ceremony was held and attended by prominent Chinese private equity investors such as Hillhouse founder Lei Zhang, Sequoia China founder Neil Shen and PAG co-founder Shan Weijian. Mubadala entered China a few years ago but postponed the ceremony due to Covid-related restrictions, the report added.
Mubadala is the second largest state fund in Abu Dhabi, the capital of UAE, behind the Abu Dhabi Investment Authority (ADIA). According to its website, Mubadala has $276 billion in assets under management.
