Abu Dhabi’s MGX has raised approximately $50 billion in capital, putting the state-backed investment firm halfway to an ambitious $100 billion assets under management target. For a fund that was only established in 2024, that’s the kind of speed that makes traditional asset managers look like they’re running in wet cement.
The capital has flowed in from a mix of regional sovereign wealth funds, global pension funds, and major institutional investors.
Where the money is going
The fund holds a $6.6 billion position in OpenAI, acquired through a secondary transaction. It also has a stake in Anthropic, the safety-focused AI lab that has become one of the most sought-after private companies on the planet.
MGX participated in a $40 billion data center acquisition. As of mid-June 2026, MGX has been exploring a multi-billion dollar acquisition of DayOne, a Singapore-based data center operator. That move would extend its reach into Southeast Asia.
