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Laxman Pai, Opalesque Asia:

Global alternative money manager KKR and Abu Dhabi's sovereign fund Mubadala Investment Company said they have agreed to co-invest $1 billion in private credit opportunities in the Asia Pacific region (APAC).

In line with the partnership, the Abu Dhabi state fund that manages more than $284 billion in assets globally will deploy its capital alongside KKR's existing pools of capital, including its $1.1 billion investment vehicle KKR Asia Credit Opportunities Fund.

KKR closed this credit fund, focused on corporate lending in the Asia market, in May.

The partnership strengthens Mubadala's exposure in the rapidly growing Asia-Pacific credit market and enables KKR to significantly build up its credit platform in the region, capitalizing on its growth potential.

The Partnership commences at a time when the region's growth has fueled an enormous demand for funding solutions, as many companies, sponsors, and entrepreneurs face challenges accessing flexible financing due to a limited supply of capital from banks and non-bank lenders.

The Mubadala-KKR partnership aims to address this shortage of flexible capital while supporting businesses in APAC in achieving their long-term growth ambitions.

Omar Eraiqaat, Co-Head of Credit Investments at Mubadala, said: "Expanding into the Asia Pacific region is a core pillar of our strategy as this market presents unique credit investment opportunities, driven by its rapid growth and high dema......................

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