MGX Fund Management Limited

MGX Fund Management Limited is a state-owned investment firm established by the government of Abu Dhabi in 2024, focusing on artificial intelligence and advanced technologies. The firm aims to manage assets totaling US$100 billion, investing in AI infrastructure, semiconductors, AI core technologies, software, tech-enabled services, life sciences, and robotics. MGX engages in private equity investments in AI infrastructure through global partnerships.

The firm's investment strategy encompasses early-stage, growth, late-stage, and pre-IPO investments, targeting a diverse geographical focus that includes the United States, United Arab Emirates, United Kingdom, Germany, France, China, India, Japan, South Korea, Singapore, Canada, Australia, Brazil, South Africa, Russia, Mexico, Saudi Arabia, Turkey, Israel, and the United Arab Emirates. MGX's portfolio spans various industries, including artificial intelligence, semiconductors, software, tech-enabled services, life sciences, robotics, clean energy, connectivity, cybersecurity, data centers, infrastructure, healthcare, financial services, consumer technology, and enterprise software.

MGX's recent activities include a partnership with OpenAI, SoftBank, and Oracle on the Stargate Project, aiming to invest up to US$500 billion in AI infrastructure in the United States by 2029. In January 2025, MGX partnered with OpenAI, SoftBank, and Oracle on the Stargate Project. In March 2025, MGX made a minority investment in Binance, using World Liberty Financial's Stablecoin for the $2 billion investment. The transaction was announced by the Trump family, with The New York Times calling the announcement "a public and vivid illustration of the ethical conflicts swirling around Mr. Trump’s crypto firm."

In July 2025, MGX collaborated with Mistral and Nvidia to build the largest AI data center campus in Europe. MGX had announced in early 2025 that it planned to invest US$31.2 billion to US$52 billion in the new data center campus in France, to have a one-gigawatt capacity focused on AI. On September 25, 2025, Trump approved a deal where TikTok in the United States would be controlled by a new US-controlled entity with Oracle, Silver Lake, and MGX collectively holding around 45% of the company, with ByteDance retaining less than 20%. In October 2025, a consortium involving MGX, AIP, and BlackRock's GIP agreed to acquire Aligned Data Centers for $40 billion from Macquarie Asset Management. It was reported as the largest global data center deal to date.