This firm just raised one of the largest AI funds at $49 billion, topping its target
Wednesday, July 1, 2026 · first reported by Pensions & Investments and 6 others
MGX closed its AI-focused fund at $49 billion, exceeding its target. The Abu Dhabi-based firm's debut vehicle represents one of the largest fund closes in the AI/tech investment space.
- Firm
- MGX
- Fund
- MGX Fund 1
- Size
- $49B
- Stage
- Final close
- Asset class
- Private equity
- Geography
- Middle East
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
Coverage
7 sources- Pensions & InvestmentsThis firm just raised one of the largest AI funds at $49 billion, topping its target
- Private Equity WireAbu Dhabi’s MGX raises $49bn for AI investment fund
- Yahoo FinanceAbu Dhabi's MGX closes $49 billion AI fund above target
- Pulse 2.0MGX Confirms Fund I Closes At $49 Billion
- qz.comAbu Dhabi's MGX closes $49 billion AI fund above target
- thenationalnews.comAbu Dhabi's AI investment firm MGX raises $49bn for new fund
- CNBCOpenAI, Anthropic backer MGX raises one of the biggest AI funds ever as it closes at $49 billion
More in Private equity
From the same day- Hamilton Lane Holds Final Close of Sixth Direct Equity Fund, Raising $3.8 Billion in and alongside the FundYahoo Finance
- Behrman completes $250m continuation fund for ShurcoPE Hub
- KKR to acquire operations and assets of US and Canada EDF power solutions for $4.2bnPE Hub
- Lexington leads $460m continuation fund for Flexpoint Ford’s SageSureAltAssets
- Perpetual rejects $1.7bn takeover approach from EQT-backed vehiclePrivate Equity Wire
- Monomoy Capital acquires quick lube and car service franchise Jiffy Lube for $1.3bnPE Hub