Mubadala extends co-investment partnership with Hellenic Development Bank of Investments

Mubadala extends co-investment partnership with Hellenic Development Bank of Investments

WAM: During Greek Prime Minister Kyriakos Mitsotakis’s official state visit to the United Arab Emirates, Mubadala Investment Company (Mubadala) and Hellenic Development Bank of Investments (HDBI), the sovereign fund of funds of Greece, signed an agreement to extend their €400 million co-investment partnership to include venture capital (VC) and private equity (PE) investments in top performing Greek funds that are focused on high growth sectors.

The Mubadala-HDBI co-investment partnership was first established in 2018 with an initial focus on minority direct PE investments in Greek businesses.

Additionally, Mubadala and HDBI closed their first co-investment under the newly extended agreement to Athens-based VentureFriends Fund III, an early-stage tech investor.