Author: Lily Harper

One thing to start: Mubadala Capital, the asset management subsidiary of Abu Dhabi’s sovereign wealth fund, has raised $3.1bn for its latest private equity fund. It’s positioning itself as a solution to private equity firms seeking to exit large bets, or PE-backed companies managing heavy debt burdens that need fresh capital.Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday to Friday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters. Get…

Stay informed with free updatesSimply sign up to the Private equity myFT Digest — delivered directly to your inbox.An arm of Abu Dhabi’s sovereign wealth fund is preparing a push into private equity markets, spotting what it believes is an opportunity to take over large holdings as buyout groups race to sell assets and return cash to investors. Mubadala Capital, the asset management subsidiary of the $302bn sovereign wealth fund, has raised $3.1bn for its latest private equity fund, surpassing a $2bn target. It is positioning the fund as a solution to private equity groups seeking to exit large bets,…

Stay informed with free updatesSimply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox.Latest news on ETFsVisit our ETF Hub to find out more and to explore our in-depth data and comparison toolsAustralia’s booming exchange traded fund industry recorded a nearly 50 per cent growth in assets over the past 12 months helped by robust flows into global equities-focused passive strategies, data show.Total assets across Australia’s 394 ETF products rose to a new all-time high of A$226.6bn ($152.4bn) as of end-September, up 48.6 per cent from A$152.2bn at the same time last year, according…