Hedge Funds & Alternative Investments
Sovereign wealth
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UAE’s Mubadala, Stone Point to acquire 20% in US broker Truist Insurance for $1.95bln
Abu Dhabi sovereign wealth fund Mubadala Investment Company and private equity firm Stone Point Capital are acquiring a stake in a US-based insurance broker for nearly $2 billion. Mubadala announced on Tuesday that it has signed an agreement with Stone Point Capital to purchase a 20% stake for $1.95 billion…
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