Najm CapitalNajm Fund I + Co-InvestGCC growth equity, infrastructure, and strategic buyouts · Q1 2026 reporting
3
K. Al Rashidi · Director
KR
Commitment
Fund V$300M
Co-Invest$60M
Called68.9%
DPI 0.14x·Distributed $35M
Reporting
Last deck: 2026-03-22Viewed 3× · 48 min dwell
Next: 2026-05-08Masdar expanded mandate co-invest term sheet · $45M
Relationship
Waleed Al MokarrabMD, Alternative Investments
Najm leadKhalid Al Suwaidi
About Mubadala
Mubadala Investment Company is one of the largest Abu Dhabi sovereign wealth and development funds with ~$302B AUM. Deep institutional knowledge of Najm portfolio given overlapping Abu Dhabi mandate; Masdar is a shared strategic interest. Highly active co-investor with local market insight. Relationship managed jointly by Mohammed Al Rashidi and Sara Al Mazrouei.
Their priors · what resonates
Abu Dhabi strategic development mandate · strong alignment with Najm deal thesis
Technology + clean energy allocation is a formal priority sector
Value creation engagement · Mubadala prefers active co-investment with board access
Regulatory-grade reporting standards · Mubadala runs its own shadow marks on co-invests
Fast decision-maker · LP IC can approve co-invest in under 2 weeks
2025 key moments
Feb: Joint Masdar strategy session · Mubadala and Najm co-chaired renewables working group
Jun: G42 Cloud co-invest · Mubadala joined Najm-led round at $28M
Sep: Wio Bank milestone · Mubadala cited digital banking as priority for Abu Dhabi fintech strategy
Nov: Najm-Mubadala LPs forum · portfolio review + 2026 co-invest pipeline discussion
Contacts
WM
Waleed Al MokarrabMD, Alternative InvestmentsLast: 2026-04-18
SD
Shaikha Al DhaheriDirector, PE & VentureLast: 2026-04-18
HH
Hamad Al HosaniPortfolio AnalystLast: 2026-04-08
Engagement temperature
Based on deck engagement, meeting cadence, and responsiveness over last 90 days.