MGX Closes Fund I Above Its Target

Abu Dhabi-based MGX has closed its first AI-focused fund at $49 billion, giving the sovereign-linked investor a larger pool for stakes across semiconductors, AI infrastructure and AI-enabling technology companies.

The company said MGX Fund I exceeded its original $45 billion target.

Investors came from the Gulf, North America, Asia and Europe, with both institutional and private capital represented.

MGX said the fund was created to give investors exposure to restricted and differentiated opportunities across the AI technology stack.

Since inception, the firm has invested in 14 companies, including businesses tied to chips, infrastructure and AI platforms.

The fund belongs to Abu Dhabi's broader AI investment structure.

MGX was established in 2024 with Mubadala Investment Company and G42 as partners.

Sheikh Tahnoon bin Zayed chairs the company while also serving as Deputy Ruler of Abu Dhabi and National Security Adviser.

Aligned Deal Adds Data-Centre Exposure

MGX's portfolio already reaches into physical AI infrastructure.

In October 2025, the company joined a consortium led by the Artificial Intelligence Infrastructure Partnership and BlackRock's Global Infrastructure Partners to acquire Aligned Data Centres.

The disclosure valued that deal at about $40 billion and described Aligned as a major provider of AI infrastructure.

It puts data-centre capacity in the same investment frame as model companies and chip-linked assets, rather than leaving MGX as a software-only AI investor.

MGX also participated in Anthropic's $65 billion Series H funding round, after joining the company's earlier Series G round.

The public details do not state the size of MGX's Anthropic investment or the ownership percentage it received.

Paris AI Campus Carries A 3GW Plan

MGX and Nvidia are also tied to a European AI campus plan near Paris.

The earlier campus target was 1.4 gigawatts, while a later statement said the programme could reach 3GW of compute capacity nationwide.

The joint venture also names Bpifrance, Mistral AI and France's national investment bank as partners with MGX and Nvidia.

A second AI campus site would extend the programme beyond the flagship Fouju campus in Seine-et-Marne.

The capacity plan ties MGX's $49 billion fund to data centres, compute campuses and chip-linked assets, not only to AI software companies.

OpenAI, Binance And TikTok Stakes Widen The Portfolio

The fund update also points to MGX's wider technology reach.

The Abu Dhabi company made an investment in OpenAI during a funding round that valued the AI company at $300 billion.

MGX also disclosed a $2 billion investment in Binance, which was described as the first institutional investment in the cryptocurrency exchange.

In January, MGX was also named as holding a stake in the TikTok-USDS joint venture that kept the platform operating in the United States.

MGX has not disclosed Fund I's individual investor list, its stake sizes in the 14 companies, the amount committed to the Paris AI campus, or customer capacity commitments for the Aligned Data Centres transaction.