Mubadala Investment Co., Abu Dhabi, committed to the Bpifrance LAC I Fund, a news release said.
The release, provided by a spokesman for the $229 billion sovereign wealth fund, said the fund aims to raise €10 billion ($10.8 billion) for investment in about 15 listed French companies over the next 10 years.
Mubadala's commitment is €1 billion, the spokesman verified.
"Mubadala has a strong track record of performance in France and we continue to see significant investment opportunities in the market," said Waleed Al Mokarrab Al Muhairi, CEO of Mubadala's alternative investments and infrastructure platform, and deputy group CEO of the fund.
"Through our partnership with Bpifrance, and the commitment to the LAC I fund, we will have access to exceptional businesses in France that deliver compelling returns," he said. "As a global investor, Mubadala continues to deploy capital across markets and sectors as part of a highly-diversified and growing portfolio of assets."
Mubadala and French national investment bank Bpifrance created a €1 billion investment platform in 2017 aimed at private investments in the French economy.
