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Wednesday, Sep 28, 2022

G42 Launches $10 Billion Technology Growth Fund

G42 Launches $10 Billion Technology Growth Fund

G42, a Mubadala-backed artificial intelligence firm, on Thursday launched a $10 billion fund to invest in late-stage technology companies.
The Abu Dhabi-based company said G42 Expansion Fund would operate as a private equity investor targeting a broad spectrum of technologies that promise to shape the global economic landscape in the next decades.

The fund, which is established in strategic partnership with Abu Dhabi Growth Fund (ADG), identifies computing, clean technology and renewables, digital infrastructure, life sciences, healthcare, new materials and fintech, among others, as potential sector for investment.
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