# E368: Sovereign 2.0: How Mubadala Capital Is Reinventing the $430B Playbook w/CIO Oscar Fahlgren

Page: https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713/e368-sovereign-2-0-how-mubadala-capital-is-reinventing-the-430b-playbook-w-cio-oscar-fahlgren
Text version: https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713/e368-sovereign-2-0-how-mubadala-capital-is-reinventing-the-430b-playbook-w-cio-oscar-fahlgren.md
Podcast: [How I Invest with David Weisburd](https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713)
Published: 2026-05-13T12:45:00+00:00
Episode link: https://howiinvestpodcast.com/episodes/Y8viW4fpbPe
Audio file: https://dts.podtrac.com/redirect.mp3/media.podcastai.com/episodes/Y8viW4fpbPe.mp3?u=1778692746
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Duration seconds: 1700

## Resource

The biggest edge in private equity is finding deals by going where others won't. In this episode, I sit down with Oscar Fahlgren, Chief Investment Officer of Mubadala Capital, to discuss how embracing complexity and scale creates asymmetric opportunities in global private markets. Oscar explains why large, complex deals often have less competition, how Mubadala Capital uses its balance sheet to anchor and syndicate multi-billion dollar investments, and why partnership—not control—is central to their strategy. We also explore the fallacy of short-term DPI, the rise of GP partnerships, and how long-term capital and alignment drive better outcomes across cycles.

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## Transcript

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