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One of the largest Gulf State sovereign wealth funds named its first dedicated head for U.S. real estate. 

The United Arab Emirates' Mubadala Investment Co. hired Daniel Fletcher as head of Americas for real estate. Fletcher joins Mubadala, which had roughly $326B in assets under management at the end of 2024, from Toronto-based private real estate firm Dream. 

Fletcher’s jump to the Abu Dhabi-based fund is reflected on his LinkedIn profile and was first reported by PERE News. A source familiar with the hire confirmed to PERE that Fletcher had been hired and would report directly to Richard Nodell, the fund’s global head of real estate.