SWF Institute reported the Mubadala Development Corporation would turn its attention away from emerging markets to developed ones, like the United States and Europe. Mubadala is an Abu Dhabi state owned sovereign wealth fund, which owns or has stakes in a number of U.S. companies, including The Carlyle Group. Will Mubadala compete or partner with Carlyle in U.S. investments? How far will they drive up asset prices? Will it be bubblicious?
Anything can happen on the PEU road to riches...
