Apollo Buys Stake in Mubadala Capital, Strengthening Abu Dhabi Ties

• Apollo Global Management is purchasing a stake in Mubadala Capital.
• Mubadala Capital is the alternative asset management arm of the Abu Dhabi sovereign wealth fund.
• The deal involves Apollo buying nearly 10% of Mubadala Capital.
• This acquisition deepens Apollo's ties with Abu Dhabi, often referred to as the 'capital of capital.'
• The Abu Dhabi sovereign wealth fund is valued at $385 billion.