Mubadala Capital’s Ajami Says Firm Is Going on ‘Offense’

Mubadala Capital, the investment arm of a giant Abu Dhabi sovereign wealth fund, is “moving into offense,” according to Ibrahim Ajami, Mubadala’s head of venture investments. “We’re leaning in,” he said, adding that the days of passive investing in vehicles like SoftBank’s Vision Fund are over.

Speaking at The Information’s Private Capital Summit on Tuesday, Ajami said that this position means Mubadala will form deeper relationships with fund managers and founders, and take more concentrated positions, a strategy that the firm refined after the post-Covid downturn in venture capital.