Nvidia's AI Factory MGX Ecosystem display at Computex in Taipei. The two companies are building a massive AI campus in France. AFPNvidia's AI Factory MGX Ecosystem display at Computex in Taipei. The two companies are building a massive AI campus in France. AFP'Fund I' attracts interest from institutional and private investors from the Gulf, North America, Asia and Europe
MGX has closed its Fund I at $49 billion, exceeding its initial $45 billion target, with backing from global institutional and private investors.
The Abu Dhabi-based firm has invested in 14 companies since inception, spanning semiconductors, AI infrastructure, and AI-enabling technologies and platforms.
MGX joined a consortium to acquire Aligned Data Centres in a $40 billion deal, one of the largest private equity digital infrastructure transactions on record.
The firm is co-developing what could become Europe's largest AI campus near Paris, with planned capacity potentially reaching 3GW of nationwide compute power.
