MGX has closed an AI-focused Fund I at $49 billion, exceeding its initial $45 billion target, according to statements reported by Bloomberg, CNBC, and The National. The Abu Dhabi-based firm said the capital came from a select mix of major institutional and private investors spanning the Gulf, North America, Asia, and Europe. For the MGX AI fund Abu Dhabi is now positioning itself as more than a regional allocator of capital. It is building a platform intended to finance AI deals across the stack, including semiconductors, AI infrastructure, and AI-enabling technologies and platforms.
MGX’s disclosures and deal participation signal that the fund is designed to meet AI’s capital-intensive buildout needs, especially where chips and power-hungry data centers set the pace for deployment. MGX has invested in 14 companies since inception, and it has highlighted involvement in US-based Anthropic’s $65 billion Series H funding round, after also participating in Anthropic’s earlier Series G. CNBC also reported MGX co-led OpenAI’s $122 billion raise in March and participated in xAI’s $20 billion raise in January. These transactions frame the fund as a conduit between large pools of global capital and a fast-scaling compute layer that demands long-duration investment.
Why the Fund Points to Infrastructure—and Local Supplier Pull
The clearest signal in the sources is MGX’s direct exposure to data center buildouts and AI campuses, where supplier demand can be both immediate and sustained. In October 2025, MGX joined the Artificial Intelligence Infrastructure Partnership and BlackRock’s Global Infrastructure Partners consortium in a deal to acquire Aligned Data Centres, valued at about $40 billion and described as one of the largest private equity digital infrastructure transactions on record. The National and IndexBox said the acquisition is expected to significantly boost global AI infrastructure capacity. Even when the spend is outside the UAE, the pattern matters for local supply chains: large infrastructure programs typically pull for equipment, integration services, and specialized delivery partners that can execute at scale.
In Europe, MGX’s role is similarly infrastructure-forward. IndexBox and The National reported that MGX and Nvidia announced plans to help build what was presented as Europe’s largest AI campus near Paris. The campus was initially projected to reach 1.4 gigawatts of capacity, and a later statement suggested it could eventually provide 3GW of compute capacity nationwide. The same reporting said a second campus site would double the consortium’s and partners’ initial investment and expand beyond the flagship Fouju campus in Seine-et-Marne, with Bpifrance, Mistral AI, and the French national investment bank joining. The scale implied by 1.4 GW and 3GW targets underscores why physical infrastructure, not just software, sits at the center of MGX’s strategy.
MGX’s structure and leadership further reinforce Abu Dhabi’s intent to stay close to strategic assets. IndexBox reported MGX was founded in 2024 as a private investment entity, with Mubadala Investment Company and G42 as partners, and said Sheikh Tahnoon bin Zayed chairs the company. Crypto Briefing added MGX is aiming for $100 billion in total assets under management, positioning the $49 billion close as a step toward a larger target. Traders Union described the fund’s focus areas as AI models, semiconductors, and data centers. Together, these details help explain why the firm’s investment posture can reshape supplier demand: the more MGX funds hard infrastructure and compute capacity, the more procurement and delivery work cascades through the ecosystem that supports those builds.
How big is MGX’s AI fund in Abu Dhabi, and did it beat its target?
What does MGX say it wants to invest in across the AI stack?
How many companies has MGX backed so far?
Which major infrastructure deal did MGX join involving Aligned Data Centres?
What compute capacity figures have been cited for the AI campus effort near Paris?
