Apollo Global Management stock deepens Mubadala ties

Published on 11/10/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Apollo Global Management stock is tied to a strategic investment in Mubadala Capital. The deal adds an ownership link to an existing partnership.

Apollo expands Mubadala partnership

Apollo will become a minority shareholder in Mubadala Capital while committing capital across its investment strategies.
Apollo and other incoming investors are expected to commit 5 billion dollars at the initial close.
Mubadala Investment Company will remain the majority owner, with Mubadala Capital retaining independent governance.
The transaction is expected to close in the fourth quarter of 2026, subject to regulatory and legal approvals.

Apollo Global Management, US03769M1062, Illustration mit AI erstellt.

Apollo Global Management announced on October 26 that it will take a minority equity stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi-based Mubadala Investment Company. The transaction deepens an existing relationship between the two firms and links Apollo to Mubadala Capital as both shareholder and capital partner, according to the Apollo press release.

Ownership and capital commitments

Apollo will commit capital across Mubadala Capital's investment strategies. Additional strategic investors will also join as minority shareholders, and the incoming group is expected to commit an aggregate 5 billion dollars to Mubadala Capital's strategies at the initial close.

The announcement does not disclose Apollo's purchase price or its precise ownership percentage. It describes the 5 billion dollars as a commitment to investment strategies rather than as the price paid for the equity stake. Apollo joins the founders of Silver Rock Financial as an equity holder in Mubadala Capital.

Mubadala Investment Company will remain the majority shareholder. Mubadala Capital is expected to continue operating independently, with its existing management team retaining authority over investment decisions and day-to-day operations. The transaction remains subject to regulatory and legal approvals and is expected to close in the fourth quarter of 2026.

Management highlights strategic fit

Hani Barhoush, chief executive of Mubadala Capital, said the partnership would accelerate the platform's ambition to connect global capital with private-market opportunities. Apollo Asset Management Co-President John Zito said Mubadala had helped seed and scale several Apollo strategies and that the investment reflected Apollo's conviction in Mubadala Capital's platform.

Mubadala Capital said its core alternatives business manages more than 60 billion dollars across private equity, special opportunities, credit, venture capital, solutions and co-investment platforms. Apollo said its assets under management stood at approximately 1.05 trillion dollars as of June 30, 2026. Those figures describe the businesses' broader platforms and do not represent the transaction price or Apollo's stake size.

Investor context

Apollo Global Management stock traded at 108.53 euros on Lang & Schwarz at 13:10 CET on Tuesday, November 10. The agreement provides Apollo with an additional relationship in global private markets, while the continuing majority ownership and independent governance structure limit the announced change to Mubadala Capital's ownership and capital base.