Under the leadership of Khaldoon Khalifa Al Mubarak, Mubadala Investment Company has transformed from a regional sovereign wealth fund into one of the world’s most active and influential investment institutions. In a candid discussion with Bloomberg, Al Mubarak opened up about how the fund is navigating a rapidly changing global economy, making bold bets on technology, and redefining what it means to deliver consistent returns.
“2025 was another exceptionally active year for Mubadala,” Al Mubarak said. The fund deployed $35 to $40 billion worldwide, spanning technology, healthcare, infrastructure, financial services, and more. But for Al Mubarak, it’s not just about the scale of investments; it’s about precision, strategy, and timing. “We have achieved significant returns across our portfolio while focusing on the sectors and geographies that matter most,” he explained.
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Technology, particularly artificial intelligence, remains a top priority. “Despite the hype and noise in the AI ecosystem, we have a very clear view of where the real opportunities lie,” Al Mubarak said. Under his guidance, Mubadala has invested in cutting-edge AI enablement and digital infrastructure, combining innovation with a disciplined approach to risk and value creation.
Private credit, once a niche area for many sovereign funds, has become a standout performer. Al Mubarak highlighted that it is now a major contributor to the fund’s balance sheet, producing mid-double-digit returns even amid increased competition and market headwinds. “With the right partners and platforms in place, we remain bullish on this space,” he said.
Geographically, Mubadala’s strategy reflects both global ambition and local insight. The UAE remains a cornerstone, delivering returns north of 20 percent across real estate, infrastructure, industrials, and technology. The U.S. continues to be the fund’s largest market, particularly for technology investments, while Asia has emerged as a strategic focus after years of building knowledge and presence in markets like China, Korea, Japan, and Southeast Asia.
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Even as geopolitical tensions rise and discussions about the “weaponization of the economy” dominate headlines, Al Mubarak remains confident in Mubadala’s approach. “We operate with discipline and neutrality, choosing the right sectors and partners across all regions. Our track record, double-digit returns over the past decade, speaks for itself,” he said.
For Al Mubarak, Mubadala is more than a sovereign wealth fund; it is a global investment powerhouse, blending ambition with discipline, foresight with pragmatism, and innovation with financial rigor. Under his leadership, the message is unmistakable: Mubadala is not just participating in global markets; it is shaping them.
