MGX is pleased to confirm the final close of MGX Fund I at $49 billion in total commitments, significantly above its initial $45 billion target fund size

MGX Fund I attracted investment from an elite and diverse group of major institutional and private investors from the Gulf, North America, Asia and Europe.

Since inception, MGX Fund I has invested in 14 companies, partnering with leading global technology leaders and platforms to create a high conviction portfolio of AI champions.

MGX is a private investment firm established to invest in artificial intelligence and advanced technology globally. The firm launched Fund I to provide highly curated exposure to the AI thematic through disciplined investments in differentiated and restricted opportunities across the AI technology stack, including semiconductors, AI infrastructure and AI and AI-enabling technologies and platforms.

The firm remains focused on identifying exceptional investment opportunities that will create long-term value through active partnership.