Abu Dhabi’s MGX has raised approximately $50 billion, positioning itself halfway towards a $100 billion assets under management goal since its inception in 2024. This rapid fundraising outpaces traditional asset managers.
The capital comes from regional sovereign wealth funds, global pension funds, and institutional investors. MGX's portfolio prominently features a $6.6 billion stake in OpenAI and significant involvement in Anthropic, a leading AI lab.
Additionally, MGX's $40 billion data center acquisition strategy includes a prospective multi-billion dollar buy of DayOne, a data center operator in Singapore.
In March 2025, MGX invested $2 billion in Binance, marking the largest investment in a cryptocurrency firm to date. This investment came during regulatory challenges for Binance, providing it with essential institutional credibility.
MGX’s successful fundraising underscores the shifting landscape of institutional capital towards technology and crypto sectors. Founded by Mubadala and G42, MGX is rapidly shaping the investment ecosystem.