We began 2022 with significant momentum, with our portfolio calibrated to the world's most promising and challenging sectors, including life sciences, clean energy, AI, communications, mobility, consumer trends, and advanced manufacturing.
The global dynamics that persisted throughout the year affirmed more than ever that diversification and responsible investment underpin the UAE's future. Therefore, despite the turbulence, we remained focused on long-term objectives and were well-positioned with liquidity, deal flow and global networks, outperforming key benchmarks worldwide including the NASDAQ and S&P 500, among others.
The result was one of our most active years in history, with over 650 transactions aligned with our strategy of investing in global megatrends, expanding our energy leadership, catalyzing future economic engines for the UAE, and establishing investment pathways with leading economies.
We increased investments in key geographies and sectors, as exemplified by our stake in Tata Power Renewables, energy business.
Other highlights included combining Mubadala Health with the data and technology-centric capabilities of the AI-focused company G42, to create a unique and differentiated model of our forward-looking efforts to advance the UAE and drive global progress in critical areas.
We bolstered our private credit business, invested in Proximie (a digital platform enabling surgeons to join any operating room around the world virtually), established the first carbon trading exchange at Abu Dhabi Global Market, and joined forces with other sovereign wealth funds to harness our collective power in progressing the energy transition.
We also closed the landmark Masdar transaction with ADNOC and TAQA to create a global clean energy powerhouse marking a milestone in a journey that began sixteen years ago, predicated on the conviction to act early and at scale in clean energy.
Throughout the year, we continued to develop our internal systems and portfolio monitoring to formalize climate considerations and risks within our investment processes. We continued to invest in and partner towards accelerating energy transition and developing emerging technologies to enable global decarbonization at scale and pace.
I want to pay tribute to our Founding Chairman, His Highness Sheikh Mohamed bin Zayed Al Nahyan for his vision and stewardship over the last two decades. It is integral to the DNA of our organization and has enabled the company to deliver for the nation.
Under the guidance of His Highness Sheikh Mansour bin Zayed Al Nahyan, in his capacity as our new Chairman, we will continue to apply the same principles of collaboration and responsible investment across multiple industries and territories to shape the nation's future economic base and to create opportunities for our partners and everyone who calls the UAE home.
On behalf of everyone at Mubadala, I thank our Board for their continued guidance and our partners and my colleagues as we navigate challenging macroeconomic conditions to continue driving progress in the UAE and worldwide.