Mubadala Capital, the wholly owned asset management subsidiary of Mubadala Investment Company, and Woori Venture Partners, a wholly owned subsidiary of Woori Financial Group (a leading financial group in the Republic of Korea), today announced the signing of a Memorandum of Understanding (MOU) to establish a strategic partnership.
Under the MOU, the Solutions platform in Mubadala Capital and Woori Venture Partners will explore mutually beneficial global investment opportunities in various sectors, and will establish a dedicated working committee to facilitate cooperation and dialogue between both organizations.
Commenting on the signing of the MOU, Hani Barhoush, CEO and Managing Director of Mubadala Capital, said: “We are excited to sign this MOU with Woori Venture Partners and we look forward to working with them to unlock investment opportunities in key markets around the world. Long-term partnerships are fundamental to how we operate, and we are keen to explore the synergies that exist between our two companies.”
Chang Kyu Kim, CEO of Woori Venture Partners, expressed enthusiasm about the collaboration, highlighting the strategic significance of aligning with Mubadala Capital’s renowned global investment network. He emphasized the potential for mutual growth and affirmed his commitment to strengthening cooperation among group entities in the future.
In 2022, Mubadala Capital established the Solutions platform which is comprised of three fully integrated businesses that invest globally in a diversified portfolio of assets and sectors, including a highly diversified evergreen investment strategy focused on private market opportunities which was seeded with a $2.7 billion portfolio from Mubadala Capital’s balance sheet with features that include low volatility, meaningful embedded downside protection, an attractive cash yield on day one and the potential for strong asset appreciation over time.
About Mubadala Capital
Mubadala Capital is the wholly owned asset management subsidiary of Mubadala Investment Company, a leading global sovereign investor headquartered in Abu Dhabi, UAE. Mubadala Capital manages c. $22 billion in aggregate across its own balance sheet investments and in third-party capital vehicles on behalf of institutional investors, including four flagship private equity funds, three early-stage venture funds, two funds in Brazil focused on special opportunities and a highly diversified evergreen investment strategy focused on private market opportunities.
Mubadala Capital has offices in New York, San Francisco, London, Rio de Janeiro, and Abu Dhabi.
For more information, please visit http://www.mubadalacapital.ae
