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AIFunding|July 2, 2026, 01:50 PM
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MGX Closes $49 Billion AI Fund Without Naming Individual Investors

BySendTech Times AI & Enterprise DeskNewsroom-edited, source-reviewed coverage|Source: Economy Middle East
Newsroom brief

Abu Dhabi-backed MGX says Fund I closed at $49 billion, above its $45 billion target, after investments across 14 companies. The firm names AI infrastructure and semiconductors as target areas, but does not identify individual investors or commitment sizes.

Verified against source materialEdited by SendTech Times AI & Enterprise Desk
MGX Closes $49 Billion AI Fund Without Naming Individual Investors
Image source: Economy Middle East / MGX

MGX Fund I Closes Above Its $45 Billion Target

Abu Dhabi-based MGX has announced the final close of MGX Fund I at $49 billion in total commitments, putting the artificial intelligence investment vehicle above its initial $45 billion target.

The company said the fund drew commitments from major institutional and private investors from the Gulf, North America, Asia and Europe.

MGX did not name the individual investors or state how much each investor committed.

The fund gives Abu Dhabi another large capital vehicle focused on artificial intelligence, advanced technology and digital infrastructure.

MGX said Fund I was set up to invest across the AI technology stack, including semiconductors, AI infrastructure, AI-enabling technologies and platforms.

Portfolio Includes 14 Companies Across AI And Infrastructure

MGX said Fund I has invested in 14 companies since inception.

The listed portfolio includes SpaceX, Anthropic, Binance, OpenAI, Khazna, TikTok and Vantage Data Centres (North America), among others.

The company described the strategy as curated exposure to the AI theme through differentiated and restricted opportunities.

It also said it remains focused on long-term value through active partnership.

Economy Middle East reported that MGX was founded in 2024 and is backed by Mubadala Investment Company and G42.

Sheikh Tahnoon bin Zayed chairs the firm, and his public roles include Deputy Ruler of Abu Dhabi and National Security Adviser.

Aligned Deal Shows The Data Centre Link

Economy Middle East reported that MGX also highlighted its role in U.S.-based Anthropic's $65 billion Series H funding round after taking part in the company's earlier Series G raise.

The company said it participated in the Artificial Intelligence Infrastructure Partnership with BlackRock's Global Infrastructure Partners in the acquisition of Aligned Data Centres in October 2025.

Aligned was described as a major AI infrastructure provider, and the deal value was put at roughly $40 billion.

The disclosed holdings span model companies, digital platforms, data centres and cloud-linked infrastructure.

That mix keeps Fund I tied to the physical and financial buildout behind artificial intelligence, including semiconductors and AI infrastructure, rather than only software-platform exposure.

MGX did not disclose individual investor names, commitment sizes, fee terms or a timetable for additional Fund I deals.

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