Mubadala Capital considers backing former venture chief’s new fund
Mubadala Capital is in early discussions to invest in a new venture capital fund being established by its departing investment executive Ibrahim Ajami, who is preparing to launch an independent investment firm following two decades with the Abu Dhabi-based group, according to a report by Bloomberg.
Mubadala Capital is reportedly considering a potential investment in a new venture capital fund being launched by its former investment executive, Ibrahim Ajami. According to Bloomberg, Ajami is preparing to establish an independent investment firm, Noha Capital, after 20 years with the Abu Dhabi-based group. Ajami, who currently manages venture investments at Mubadala Capital, plans to begin a major fundraising campaign in the first quarter of 2027.
Should the new firm proceed, it will operate from Dubai and San Francisco offices. The fund's size and investment strategy have not yet been disclosed. During his time at Mubadala, Ajami oversaw investments in technology startups across the US and Europe, as well as commitments to external investment managers. Notably, Mubadala Capital's portfolio includes investments in autonomous driving company Waymo and artificial intelligence infrastructure provider Crusoe.
This potential investment comes as Mubadala Capital expands its alternative investment platform, and earlier this week, Apollo Global Management announced a minority stake acquisition in the firm, bolstering its partnership with the Abu Dhabi-backed investment manager.
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