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Apollo is buying a nearly 10% stake in Mubadala Capital, an Abu Dhabi asset manager

Apollo and other new investors are expected to commit an aggregate $5 billion to Mubadala Capital's strategies at initial close

Cheng Xin / Getty Images

Apollo will take a minority equity stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi's Mubadala Investment Company, the two firms announced a strategic investment on Monday. The stake is nearly 10%, according to CNBC.

Apollo will also commit capital across Mubadala Capital's investment strategies, the companies said. Additional strategic investors will join as minority shareholders, and together with Apollo they are........

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