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Laxman Pai, Opalesque Asia:

Abu Dhabi state investor Mubadala has partnered Barings, the money manager, to launch a new company that will provide financing solutions to mid-market businesses in Europe.

According to a press note from Barings, which is a $346 billion global financial services firm, the joint venture Barings Mubadala Enterprise (BME) aims to provide $3.5 billion in financing over the next 18 months to help meet growing corporate demand for flexible capital solutions in Europe.

The partnership is anchored by Mubadala Investment Co, which will invest alongside MassMutual and Barings' capital.

The $232.2 billion sovereign wealth fund announced the creation of the Barings Mubadala Enterprise - "an evergreen origination platform" - on its Twitter account.

Adam Wheeler, Co-Head of Barings' $14.2 billion Global Private Finance Group, said: "We are incredibly proud to be partnering with Mubadala, one of the world's leading sovereign investors and one of the pillars of Middle-East finance. This represents an important step in Barings' efforts to expand its global footprint."

Waleed Al Mokarrab Al Muhairi, Mubadala's Deputy Group CEO and CEO of Alternative Investments & Infrastructure said: "Mubadala has a long history of establishing strong, value-creating partnerships with leading global organizations. The partnership with Barings, through the establishment of BME, is very consistent with this approach. We ......................

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