Apollo to Buy Nearly 10% Stake in Mubadala Capital, CNBC Reports

Apollo Global Management Inc. is nearing a deal to acquire nearly a 10% stake in Mubadala Capital, according to reports from CNBC. Mubadala Capital serves as the alternative asset management arm of the Abu Dhabi sovereign wealth fund, which manages assets totaling $385 billion. This strategic move involves Apollo Global Management Inc. securing a significant minority position within the asset management division of the sovereign wealth fund based in Abu Dhabi to expand its global investment footprint.