Mubadala Investment Company and Alpha Dhabi Holding PJSC have announced that their joint venture, initiated in 2023, has achieved a remarkable milestone by establishing an approximate $1 billion portfolio in global credit opportunities. This accomplishment represents a crucial step toward the partnership’s ambition of deploying up to $2.5 billion by 2028, highlighting its robust momentum and progress.
The joint venture, situated in Abu Dhabi Global Market, is predominantly owned by Mubadala, which holds an 80 percent stake, while Alpha Dhabi retains the remaining 20 percent. This partnership capitalizes on Mubadala’s long-term and strategic collaboration with Apollo (NYSE: APO), one of the largest alternative asset managers globally, to access high-quality private credit investment opportunities.
Focus on compelling credit opportunities
Since its formation in 2023, the partnership has concentrated on pinpointing and capitalizing on attractive credit opportunities in sectors and regions that present appealing risk-adjusted returns.
Hamad Salem Al Ameri, managing director and group chief executive officer of Alpha Dhabi Holding, remarked, “Alpha Dhabi’s partnership with Mubadala and Apollo emphasizes our commitment to best-in-class long-term partnerships with leading investment managers. For us, gaining access to proprietary private credit opportunities enables us to generate superior risk-adjusted returns while diversifying our portfolio from an asset class and geographical perspective.”
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Commitment to high-quality investments
Omar Eraiqaat, deeputy CEO of Credit and Special Situations, expressed, “This is a significant milestone for our joint venture with Alpha Dhabi, which leverages our existing strategic relationship with Apollo.”
“This achievement underscores the strength of the platform we have built, and our commitment to identifying and capitalizing on high-quality private credit investments. We look forward to continuing this momentum and reaching the goal of our partnership,” he further added.
Strength of partnerships in the industry
Apollo Partner Jim Vanek stated, “Alpha Dhabi and Mubadala are important long-term partners to Apollo. Leveraging our strength in global credit origination, we are pleased for the JV to reach this key milestone.”
Moreover, Mubadala’s experience in credit investments dates back to 2009, with its Credit Investments unit adeptly navigating private markets through investments in middle-market and large-cap companies worldwide.
Alpha Dhabi further acknowledges that credit investing presents vast opportunities along with potential risks. The Group consistently refines its approach to risks and prospects to ensure optimal investment outcomes.
