Private Equity

The new PE firm with a minimum buy-in of $500m

MGX has already made investments in Open AI and Elon Musk’s xAI

MGX is based in Abu Dhabi, the capital of the United Arab Emirates
MGX is based in Abu Dhabi, the capital of the United Arab Emirates Photo: Bloomberg/Getty Images

Is this the world’s most exclusive private equity firm?

MGX, an ambitious AI investment company based in Abu Dhabi, is looking to raise a debut fund, but only investors with $500m to spare need apply.

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