F1 News: Abu Dhabi sovereign fund now has a stake in Cadillac F1
Abu Dhabi investment firm Mubadala has poured $10B into TWG Global, owner of the Cadillac F1 team.
A two-way deal with TWG Global, the investment firm led by Guggenheim Partners founder Mark Walter and entertainment financier Thomas Tull, will see TWG invest $2.5 billion for a 5% stake in Mubadala Capital, only the second time an outside investor has been allowed to own a piece of the Abu Dhabi fund. Mubadala Capital, for its part, is leading a $10 billion investment in TWG’s $15 billion equity raise, the companies said.
Mubadala Capital is a wholly owned asset management subsidiary of Mubadala Investment Company. Mubadala Investment Company is, in turn, owned by the Government of Abu Dhabi. Therefore, the ultimate owner of Mubadala Capital is the Government of Abu Dhabi.
TWG Global Holdings, LLC is a large American multinational conglomerate holding company with a diverse portfolio of interests, including several prominent sports teams and franchises, including the Los Angeles Dodgers, Los Angeles Lakers, Los Angeles Sparks, and Chelsea F.C..
They also have extensive involvement in motorsports, having acquired American auto racing team Andretti Global and subsequently forming the Cadillac Formula 1 Team which is approved to compete in 2026. TWG Motorsports was launched to manage these motorsports ventures. Additional interests include the Professional Women’s Hockey League, Billie Jean King Cup, Spire Motorsports, Walkinshaw Andretti United, and Wayne Taylor Racing.
Mubadala Capital is the asset management subsidiary of Mubadala Investment Company, a global investor with $330 billion in assets under management. Mubadala Capital manages over $30 billion in assets across various private market strategies, including private equity, special situations, solutions, and venture capital. It has a global presence with offices in Abu Dhabi, New York, London, San Francisco, and Rio de Janeiro.
The deal is also one of many signs to come of the UAE’s decade-long commitment to invest $1.4 trillion in the US as brokered by resident Donald Trump..