Mubadala Invests Fresh Capital in US Real Estate Lender 3650
Deal News | Mar 28, 2025 | Zawya
Mubadala Investment Company, the Abu Dhabi sovereign wealth fund, has made a fresh contribution to the US-based commercial real estate lender, 3650. This investment is part of a new funding round that also involved the California State Teachers Retirement System (CalSTRS), bringing in a total of $215 million in new investments for 3650. While the specifics of Mubadala's investment have not been disclosed, it is part of a larger commitment involving 3650, CalSTRS, and others pledging up to $4 billion into the US real estate credit markets. This capital will bolster 3650's lending strategies and support various investment products offering long-term, fixed-rate financing and transitional loans. Last year, 3650 received substantial investments from CalSTRS and Singapore’s sovereign wealth fund, Temasek, with previous backing from South Korea’s Public Officials Benefit Association.
Sectors
- Real Estate Investment
- Financial Services
Geography
- United States – The target company, 3650, operates within the US real estate credit market, making this geography highly relevant to the article.
- United Arab Emirates – Mubadala Investment Company, the investor, is based in Abu Dhabi, UAE, highlighting the geographical connection to the Middle East.
Industry
- Real Estate Investment – This sector involves investments in real estate property, both commercial and residential, which is relevant as 3650 focuses on commercial real estate lending.
- Financial Services – This sector includes firms that provide financial services and products, such as lending and investment management, pertinent to 3650's operations and Mubadala's investment activities.
Financials
- $215 million – The total amount of new investment raised in the latest funding round for 3650.
- $4 billion – The committed capital by Mubadala and its partners directed toward the US real estate credit markets.
- $18 billion – The approximate size of 3650's loan servicing portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mubadala Investment Company | Investor | Company | Abu Dhabi's sovereign wealth fund investing in US real estate lender 3650. |
| 3650 | Target Company | Company | A US-based alternative real estate commercial lender. |
| California State Teachers Retirement System (CalSTRS) | Investor | Company | A US-based pension fund participating in the funding round for 3650. |
| Public Officials Benefit Association (POBA) | Previous Investor | Company | A South Korea-based public pension fund that previously invested in 3650. |
| Temasek | Previous Investor | Company | A state-backed investment company from Singapore that previously invested in 3650. |