Abu Dhabi's MGX closes first AI fund at $49B, above target
The fund exceeded its $45 billion goal and has already invested in 14 companies spanning chips, infrastructure and AI platforms.
EBElena Brandt
Published 10 Jul 2026, 01:32Updated 27 Jul 2026, 19:581 min read
Abu Dhabi-backed investment vehicle MGX has closed its first fund at $49 billion, surpassing its original $45 billion target.
The fund has already deployed capital across 14 companies spanning semiconductors, AI infrastructure and AI platforms, positioning MGX as one of the largest dedicated AI-focused pools of capital globally.
Source: Crunchbase News
