Enterprise DNA

MGX

Abu Dhabi AI investment fund, backing Stargate and AI data centres in the US, UAE and Europe.

Growth
Reported to have closed nearly $50B from investors in July 2026, targeting $100B
Based in
Abu Dhabi, UAE
Founded
2024
Listed
Private
Why it is winning

Its Gulf money helps fund the AI buildout in the US and Europe.

The risk to watch

Fund figures come from a single report, and Stargate targets are headline numbers.

Money coming in

Who pays MGX, and for what.

No customers of MGX mapped yet.

Money going out

Who MGX pays to do what it does.

Where it sits on the map

Competitors and neighbours

Brookfield
BN

Infrastructure investor that owns power and data centre assets, and runs a $100B AI infrastructure program.

AI infrastructure program of up to $100B, with $10B equity target and $5B committed (launched with Nvidia and KIA)

Open profile
Blue Owl Capital
OWL

Private credit and investment firm that funds data centres and their leases, with a large Meta joint venture.

Took 80% of Meta's Hyperion data centre joint venture

Open profile
PIMCO

Large bond investor, owned by Allianz, that buys the debt behind AI data centres.

BlackRock took $3B of the Hyperion bonds

Open profile
QTS Data Centers
Supplier

US data centre operator owned by Blackstone, and one of the largest in the country.

Blackstone bought QTS for about $10B in 2021

Open profile
Apollo Global Management
APO

Alternative asset manager that lends against GPU fleets and data centres, often through leases.

Committed $3.5B toward a $5.4B deal for Nvidia chips leased to xAI (reported)

Open profile
BlackRock
BLK

World's largest asset manager, which buys AI infrastructure debt and owns GIP, a buyer of data centres.

Bought $3B of the Hyperion bonds (US press reports)

Open profile
Blackstone
BX

Largest alternative asset manager, with a large data centre platform through QTS and others.

Data centre platform about $185B including projects under construction (Q2 2026, internal valuation)

Open profile
SoftBank Group
9984

Japanese investor with a large OpenAI stake and a role in the Stargate project.

Completed a $41B investment in OpenAI for about an 11% stake (Dec 2025)

Open profile
Valor Compute Infrastructure

Vehicle that buys Nvidia GB200 chips and leases them to an xAI subsidiary, financed by Apollo.

Apollo committed $3.5B toward a $5.4B deal (reported)

Open profile

Sources: startupfortune.com

The map updates three times a week.

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