GULF CONNECTION

Apollo takes Mubadala Capital stake in $5 billion investment deal

The Wall Street giant is deepening its ties to the investment arm of Abu Dhabi’s sovereign wealth fund, which has been expanding its global reach

Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images

Marc Rowan, co-founder and Executive Chairman of Apollo

Apollo and other investors are committing $5 billion to Mubadala Capital as the U.S. asset manager takes a minority stake in the Abu Dhabi sovereign wealth fund’s investment arm.

The group’s members will become minority shareholders and put...