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MGX strengthens US operations with strategic AI leadership appointments
Abu Dhabi-based investment firm MGX is expanding its U.S. operations with key hires from Apollo Global Management and Warburg Pincus. Andy Pickens has been appointed managing director and AI product lead in New York, while David Mamikonyan takes on the role of chief security officer. Emilio Mena Jr. joins as managing director for the legal team, coming from Wafra Inc.
Mubadala and Alpha Dhabi reach one billion dollars in credit venture milestone
Mubadala Investment Company and Alpha Dhabi Holding's joint venture has reached a $1 billion portfolio in global credit opportunities, moving towards a $2.5 billion target by 2028. This partnership, leveraging Mubadala's ties with Apollo Global Management, aims to generate superior risk-adjusted returns and diversify investments. Both companies emphasize their commitment to long-term collaborations with leading investment managers to capitalize on the growing demand for private credit solutions.
alternative investing trends inspired by berkshire hathaway's long term strategy
Berkshire Hathaway's investment model is inspiring firms like KKR, Brookfield, and Pershing Square to adopt similar long-term strategies, particularly through insurance-backed capital. At the Bloomberg Invest conference, executives discussed expanding into private markets and the impact of tariffs on economic stability, with contrasting views on the future of private investments. Concerns were raised about the potential risks of current trade policies undermining the global economic framework established post-World War II.