At a glance
- LSV has completed more than 75 GP-led transactions since its first in 2011, according to Alternatives Watch, which first reported the deal.
- For LPs that will be asked to commit to LSV's next funds, the ownership change includes an alignment pledge: LSV's principals intend to reinvest most of their net proceeds in future funds.
- Mubadala Capital, a subsidiary of Abu Dhabi's Mubadala Investment Company, manages more than $60 billion in its core alternatives business across private equity, credit, venture capital, special opportunities, solutions and co-investments.
Mubadala Capital agreed to acquire a minority stake in LSV Advisors, a New York secondaries manager with about $5 billion in assets and commitments.
LSV has completed more than 75 GP-led transactions since its first in 2011, according to Alternatives Watch, which first reported the deal. Founded in 2005, the firm concentrates on single-asset continuation vehicles for cash-generating, middle-market businesses and also sells restructuring and liquidity solutions to fund managers and investors. The size of Mubadala Capital's stake and the financial terms were not disclosed.
For LPs that will be asked to commit to LSV's next funds, the ownership change includes an alignment pledge: LSV's principals intend to reinvest most of their net proceeds in future funds. Mubadala Capital said it plans to back LSV's expansion with its institutional relationships and capital while leaving the firm's management and investment strategy in place. The firms did not say whether the new backing changes fund size or terms at LSV's next raise.
Mubadala Capital, a subsidiary of Abu Dhabi's Mubadala Investment Company, manages more than $60 billion in its core alternatives business across private equity, credit, venture capital, special opportunities, solutions and co-investments. Oscar Fahlgren, president and chief investment officer of private equity at Mubadala Capital, said the firm plans to add partnerships in complementary asset classes each year; in credit it took a 42% stake in Silver Rock Financial in December 2024.
Last month Apollo agreed to take a minority stake in Mubadala Capital, with Apollo and other new shareholders expected to commit about $5 billion to its investment strategies.
Evercore is advising Mubadala Capital, while Houlihan Lokey is advising LSV. The transaction is expected to close in the first half of 2027, subject to regulatory approvals.
Reported by the GP-led deals desk from Alternatives Watch. Published . Corrections