Mubadala Investment Company's Chief Financial Officer, Carlos Obeid, said on the sidelines of the Milken Institute Asia Summit in Singapore that the Abu Dhabi sovereign wealth fund intends to maintain its annual investment pace at roughly the same level as last year, when it deployed about $39 billion.
"Last year, we invested about $39 billion, which is roughly 10 per cent of our portfolio, and our aim is to continue doing that through all cycles," Obeid told the summit, describing the figure as representative of the fund's steady deployment strategy regardless of broader market conditions.
Obeid also pointed to a growing share of Asia within Mubadala's portfolio, which has risen to 13 per cent, up from around 10 per cent three years ago. China, South Korea, India and Japan were named among the markets the fund is prioritising. "We've been trying diligently over the last few years to increase our exposure to Asia," he said.
Mubadala currently manages around $385 billion in total assets, and according to figures shared at the summit, its portfolio grew by about 17 per cent in 2025. The fund's stated investment themes include the energy transition, technology, the restructuring of global supply chains, and evolving consumer markets.
Among its recent moves in Asia, Mubadala made a $1 billion minority investment in Chinese coffee chain Luckin Coffee — a deal that illustrates the fund's expansion beyond more traditional sectors like energy and technology into Asian consumer markets. Obeid's comments come as Gulf sovereign wealth funds have increasingly sought to diversify the geographic spread of their investments in recent years.