Real Estate Mubadala puts more money in US commercial lender By Pramod Kumar March 28, 2025, 10:14 AM Mubadala Mubadala and California State Teachers’ Retirement System have invested $215m between them into 3650 Capital Abu Dhabi’s Mubadala Investment Company has increased its investment in 3650 Capital, a US commercial real estate lender. The UAE sovereign fund and California State Teachers’ Retirement System (CalSTRS), a pension fund, two existing investors, have invested $215 million to allow the US lender to broaden its investment products, 3650 Capital said in a statement. No details on Mubadala’s investment were given. According to Mubadala’s website, its real estate team joined 3650 Reit and CalSTRS to invest up to $4 billion into US real estate credit markets. In the third quarter of 2024, 3650 Capital received nearly $430 million in capital commitments from CalSTRS, Singapore-based Temasek, and an unnamed wealth management company. Mubadala seeks liquidity partners for new Brazil bourse Adnoc targets Mubadala’s energy assets Mubadala puts $436m into BlackRock’s bitcoin ETF Earlier in the year, it announced a $100 million investment from the Public Officials Benefit Association, a South Korea-based public pension fund. In September 2024 Mubadala said it will participate in a $25 billion programme of private credit direct lending which was launched by Citigroup and Apollo, an alternative asset manager. This month Bloomberg reported that the sovereign fund may sell its stake in du, the UAE’s second-largest telecom operator by subscribers. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
