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☆ Goldman Sachs and Abu Dhabi's Mubadala ink $1 billion partnership to invest in Asia Pacific
▼ + stars: | 2024-02-26 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

DUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1 billion private credit partnership to co-invest in the Asia-Pacific region, with a particular focus on India, the institutions said in a joint statement. The separately managed account, termed the "Partnership," will be managed by Private Credit at Goldman Sachs Alternatives, with a staff based on the ground in various markets across the region. It will invest the long-term capital in "high quality companies ... across the private credit spectrum" across a number of Asia-Pacific markets. The UAE in October 2023 announced a target to invest $75 billion in India over a period of time, while Saudi Arabia set an investment target in the country of $100 billion. "India, in particular, stands out as a key market with significant opportunities in private credit, and where Goldman Sachs has strong exposure and capabilities," said Fabrizio Bocciardi, Mubadala's head of credit investments, in a press release.

Persons: United Arab Emirates — Goldman Sachs, Goldman Sachs, Fabrizio Bocciardi Organizations: United Arab Emirates, Monday, Private Credit, Goldman Sachs, Abu Dhabi Global Market, United Arab Locations: DUBAI, United Arab, Abu Dhabi, Asia, Pacific, India, United Arab Emirates, UAE, Saudi Arabia

☆ Abu Dhabi's Mubadala commits $1 billion to Blue Owl Capital's credit platform
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

DUBAI, Sept 11 (Reuters) - Abu Dhabi state fund Mubadala Investment Company has committed $1 billion to U.S.-based Blue Owl Capital's credit platform under a strategic partnership announced by the two companies on Monday. The investment will initially focus on providing financing for technology companies, Mubadala and Blue Owl said in a statement. Blue Owl is an alternative investment manager with $150 billion in assets under management. Private credit funds are increasingly competing with banks, including for financing large company buyouts. I would advise that for the next maybe one year, the credit space would be an interesting space to deploy some investment," al-Mahmoud said at the time.

Persons: Fabrizio Bocciardi, QIA, Mansoor Ebrahim Al, Mahmoud, al, Hadeel Al Sayegh, Susan Fenton Organizations: Mubadala Investment Company, Asia Pacific, Qatar Investment Authority, Thomson Locations: DUBAI, Abu Dhabi, North America, Europe, Asia

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