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Laxman Pai, Opalesque Asia: Abu Dhabi sovereign wealth fund Mubadala Investment Co and Alpha Dhabi Holding, a unit of Abu Dhabi's International Holding Company are forming a joint venture to co-invest in private credit opportunities amid a tightening monetary environment globally.
Alpha Dhabi and Mubadala aim to collectively deploy up to AED 9 billion (US $2.5 billion) over the next five years, leveraging Mubadala's long-term and strategic partnership with Apollo, the global alternative asset managers, to access private credit investment opportunities.
Mubadala, which has $284 billion in assets, owns an 80% stake in the joint venture, with the remainder held by Alpha Dhabi.
Hamad Salem Al Ameri, Chief Executive Officer and Managing Director of Alpha Dhabi said: "We have continued to assess the private credit market asset class recently with keen interest, particularly given the current global market environment. The asset class provides further diversification to our portfolio and attractive risk-adjusted returns."
Hani Barhoush, CEO of Disruptive Investments at Mubadala, said: "By leveraging our strong existing relationship with Apollo, and combining Mubadala and Alpha Dhabi's investment expertise and capital, we have created a powerful platform to access investment opportunities around the world while driving synergies across Abu Dhabi's ecosystem."
"At Apollo, we believe this is an attractive time to deploy capital across private credit markets and a...................... To view our full article Click here
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