Mubadala’s ADIC invests in US hedge fund’s $2bn capital raise

Abu Dhabi Investment Council (ADIC), a sovereign wealth fund, has reportedly invested in a $2 billion fundraising round by US hedge fund ExodusPoint Capital.

The new capital has increased the hedge fund’s total assets to $14.5 billion, Bloomberg reported, citing unidentified sources.

ADIC is wholly owned by Mubadala Investment Company. No details on ADIC’s investment were given.

This is the first fundraising by the New York-based hedge fund since 2023, when it raised about $1 billion. The multi-strategy fund offered returns of 18 percent last year, the report said.

Last month, Mubadala raised nearly $2 billion from the sale of 22 million shares in chipmaker GlobalFoundries.

The Emirati sovereign fund’s $385 billion portfolio spans six continents and includes investments across multiple sectors and asset classes. Its assets under management rose nearly one-fifth to $385 billion in 2025.

Mubadala’s domestic portfolio includes stakes in First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates Global Aluminium, Aldar Properties and tech company G42, and 24 percent of its assets are in the UAE.

North America accounts for 44 percent of assets, while other notable regions include Europe (15 percent) and Asia Pacific (13 percent). The company is invested in more than 50 countries, according to its website.

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