Mubadala Investment Co., Abu Dhabi, invested $2 billion in Silver Lake's new 25-year investment strategy and took a minority stake in the technology investment firm.
In a Tweet from its official Twitter account Wednesday, Mubadala said the moves build on its existing relationship with Silver Lake.
"As a leader in technology investing, Silver Lake's new strategy has a unique 25-year deployment life cycle and will focus on a range of early to later stage investment opportunities, consistent with Silver Lake's clearly defined mission to build and grow great companies," Mubadala said.
The sovereign wealth fund acquired the minority stake from Dyal Capital Partners through a secondary transaction, a news release from Silver Lake said. Dyal, a subsidiary of Neuberger Berman, acquired a stake of less than 10% in Silver Lake in 2016. The firm will retain about half of its original investment, the news release said.
The new strategy will invest across investment structures, geographies and industries, as well as across capital structures, and early and later stage opportunities.
"As an institution that has long seen the potential of investing in the technology sector, we are excited to partner with Silver Lake, one of the world's most respected technology investors, to capitalize on major opportunities within and beyond the industry," said Khaldoon Al Mubarak, managing director and CEO of Mubadala, in the Silver Lake release.
"Technology is the bedrock of the global economy and fundamental to all other sectors that are being significantly digitalized," he said. "Our goal is to be well positioned to take advantage of this accelerated digital transformation and its potential, and we believe Silver Lake is the right partner and that this is an optimal structure for us."
Terms of the deal were not disclosed.
Mubadala, which has $232 billion in assets, began investing in global technology in 2007.
Spokesmen for Mubadala could not immediately be reached for comment.
