An Abu Dhabi Fund Deploys Its Billions Defying Tech Decline

An Abu Dhabi sovereign wealth fund is fast emerging as a white knight for tech firms seeking funds in a volatile market.

Mubadala Investment Co., the $284 billion state-owned fund, is defying a rout in technology valuations and becoming a go-to investor in a sector where fortunes have turned overnight. The investor backed raises this week for both Klarna Bank AB and Wefox.