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