Mubadala is preparing to launch a mental healthcare company geared toward young adults in the U.S. under its healthcare and life sciences unit, Alaa Halawa said.

The Abu Dhabi sovereign wealth fund’s head of U.S. ventures also offered a glimpse into his mandate as the head of the investment fund’s venture capital strategy, which is focused on healthcare and life sciences. Halawa’s unit is focused on early-stage investing across three verticals, he said, naming therapeutics and pharmaceuticals, healthcare technology and services as well as backing company formations and growth investing.

Halawa spoke on a panel at Milken Institute Global Conference on Wednesday.