Oct 24 (Reuters) - KKR & Co (KKR.N) and Abu Dhabi state fund Mubadala Investment Co (MUDEV.UL) said they had entered into an agreement to invest about $1 billion in Asia.
The agreement, announced on Sunday, will see the two firms investing across performing private credit opportunities in the Asia Pacific region.
Mubadala, which manages $243 billion in assets, said in a joint statement it would deploy its capital alongside KKR’s existing pools of capital, including capital from the KKR Asia Credit Opportunities Fund, a $1.1 billion credit investment vehicle KKR closed in May.
In APAC, KKR has deployed nearly $3 billion in credit capital since 2019.
The credit business in the region is part of KKR’s about $178 billion global credit platform.