Abu Dhabi-based sovereign investor, Mubadala Investment Company has secured the ‘2021 Fund of the Year’ award from the data platform for sovereign wealth funds and public pension funds, Global SWF, in recognition of the role it played in helping the sector to expand last year despite headwinds.
The global sovereign wealth fund industry’s top honor also acknowledges Mubadala’s high level of deal activity in 2021, partnerships it has forged with governments and investment entities across the world, and the crucial role it has played at home in the economic recovery.
Diego Lopez MD – Global SWF
“For its significant contribution to the development of Abu Dhabi and the UAE, for its leadership in pursuing global partnerships, for its unparalleled investment and divestment activity displayed throughout the year, and, in general, for its contribution to the advancement of the SWF industry, Global SWF believes that Mubadala Investment Company is a worthy recipient of the 2021 Fund of the Year award.”
Mubadala, which invests on behalf of the Abu Dhabi government and has $243 billion in assets, is central to the emirate’s economic diversification drive. The fund, which invests at home and abroad, aims to double the size of its portfolio in the next decade, Mr. Ahmed Al Calily, Mubadala’s chief strategy and risk officer, said.
The organizational structure, strategy and global partnerships of Mubadala enable the fund to invest in sectors with growth opportunities including technology, life sciences, renewable energy and fintech.
“As a responsible investor, we are committed to supporting the economic diversification of Abu Dhabi while leaving a positive lasting impact on the communities where we invest worldwide,” Mr. Al Calily said.
Despite the pandemic-driven uncertainties, sovereign and public pension funds managed to boost their assets under management to a record $31.9 trillion in 2021. Assets held by sovereign wealth funds rose 6 percent to $10.5 trillion during the year, while those managed by public pension funds climbed 8.7 percent to $21.4 trillion, the SWF Global annual report showed.
