United States

‍Mubadala says Mubadala Investment Co is launching its venture capital arm

Wednesday, 18 Oct 2017 09:00am EDT 

Oct 18 (Reuters) - Softbank Group Corp <9984.T>:‍Mubadala says Mubadala Investment Company is launching a venture capital arm of its business​.Mubadala says the venture capital initiative will sit within mubadala capital, mubadala's financial investment arm​.‍Mubadala​ says new capital arm to initially oversee Mubadala ventures fund i, a $400 million capital fund with Mubadala & Softbank as main investors.‍Mubadala says new capital arm to initially oversee a $200 million ventures fund of funds that will invest in both established and emerging fund managers​.‍Mubadala says new venture capital arm will be overseeing & managing Mubadala's $15 billion commitment to Softbank vision fund​.