The deal aims to broaden Mubadala's investor base and strategies, with incoming shareholders expected to commit $5 billion across its investments.
The African payments infrastructure provider will enable staff to borrow against their private shares without having to sell them or relinquish potential future upside.
Founded in 2023, Key Capital is a dedicated VC secondaries asset manager focused on MENA and international opportunities.
The investment in the Brazilian alternative asset manager will be made through a primary capital injection, with no existing partners selling their holdings.
Pinnacle first backed the Saudi hospitality startup's $72 million Series B in 2025, when Gathern was valued at more than $267 million.
Pinnacle Growth & Secondary Fund combined primary capital and secondary share purchases in the automotive platform.
