Mubadala works on Asian investment push

• Asia portfolio share rises to 13%
• Invests $26bn so far in 2026
• Wide range of investment sectors

Mubadala, Abu Dhabi’s wealth fund, is expanding in Asia to puruse financial and geostrategic goals, its chief financial officer has said.

The sovereign investor has worked “diligently” over the past few years to increase its exposure to China, South Korea and India. Asian investments now account for 13 percent of its portfolio, up from 10 percent three years ago, according to Carlos Obeid.

“We believe there are a lot of opportunities across all the strategies and themes. So, we need more in Asia,” Obeid said at a Milken Institute conference in Singapore this week. “We have teams on the ground, we are heavily invested in developing a pipeline of opportunities for us.”

Mubadala has $385 billion in assets under management, according to its website. It was the most active wealth fund globally in the first nine months of 2026, deploying more than $26 billion directly or through its subsidiaries, according to industry data platform Global SWF.

Obeid said the fund has been investing the equivalent of 10 percent of its portfolio globally each year – $39 billion in 2025 – and plans to maintain that pace.

“Our strategy has been aligned with the objectives of the government: generating returns, but at the same time integrating the economy into the global economy,” he said. “The way we do that is by partnering with the best companies through our private equity investments, both direct and indirect.”

The energy transition, advanced technology, global supply chains and new consumer needs are Mubadala’s four global investment pillars, Obeid said.

Further reading:

• Mubadala invests $1bn in China’s Luckin Coffee
• Mubadala Energy secures new gas block off Indonesia coast
• Singapore’s Temasek adds competition for regional deals

Mubadala’s investments in Asia this year include a $1 billion deal with China’s Luckin Coffee Inc. and the award of a natural gas concession in Indonesia’s Andaman Sea through its wholly-owned subsidiary Mubadala Energy.

Meanwhile, Temasek, a major Asian sovereign fund, is increasing its presence in the GCC by opening bricks-and-mortar offices in Abu Dhabi and Riyadh early next year. The move is seen as creating opportunities to work with local wealth funds while intensifying competition for the best assets.