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Alpha Dhabi Holding and Mubadala Investment Company are forming a joint venture to jointly invest in credit opportunities.
Mubadala will hold 80% ownership of the Abu Dhabi Global Market joint venture entity, with the remaining 20% ​​held by Alpha Dhabi.
The two companies aim to jointly deploy up to AED9 billion (approximately US$2.5 billion) over the next five years, leveraging Mubadala’s long-term strategic partnership with Apollo, one of the world’s largest alternative asset managers.
Hamad Salem Al Ameri, Alpha Dhabi CEO and Managing Director, said: “We have recently continued to evaluate the private credit market asset class with keen interest, especially given the current global market environment. We are proud to partner with Mubadala and Apollo Collaboration – both firms are well-known in the field – to meet global market demand for alternative forms of liquidity and credit. This asset class provides further diversification and attractive exposure to our portfolio Adjusted return.”
Hani Barhoush, Chief Executive Officer of Mubadala Disruptive Investments added: “By leveraging our existing strong relationship with Apollo, and combining the investment expertise and capital of Mubadala and Alpha Dhabi, we have created a powerful platform to access global investment opportunities, while driving cross-border synergies across Abu Dhabi’s ecosystem.”
“At Apollo, we believe this is an opportune time to deploy capital in the private credit markets, and we are excited to continue our partnership with Mubadala and Alpha Dhabi, in the broader public context at a time when private markets are the preferred choice for investing. came together. Market pressure,” said Craig Farr, partner at Apollo and head of Apollo Capital Solutions
Allocations to the private credit asset class continue to gain traction and increase regionally, seen as a pathway to generate strong returns while providing effective downside protection. This is especially important in the current macro operating environment of rising interest rates and rising inflationary pressures.
Despite the current uncertain and volatile global capital market landscape, private credit investments can still outperform throughout market cycles.
In recent news, Alpha Dhabi announced that it has acquired a stake in Mykonos-based Nammos Group. This is the result of its joint venture partnership with Monterock International, an investment firm focused on the hotel and food and beverage (F&B) industry.
read: Alpha Dhabi launches vertical lifestyle with investment in Nammos Group
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