Mubadala Investment Company and Alpha Dhabi Holding’s joint venture, established in 2023, has achieved a $1 billion portfolio in global credit opportunities, marking a significant step toward their $2.5 billion deployment target by 2028. The partnership leverages Mubadala’s strategic relationship with Apollo Global Management to access private credit investments.
Hamad Salem Al Ameri, CEO and Managing Director of Alpha Dhabi, stated, “Alpha Dhabi’s partnership with Mubadala and Apollo emphasises our commitment to best-in-class long-term partnerships with leading investment managers.” He highlighted that this collaboration enables Alpha Dhabi to “generate superior risk-adjusted returns while diversifying our portfolio from an asset class and geographical perspective.”
Omar Eraiqaat, Deputy CEO of Credit and Special Situations at Mubadala, commented, “This is a significant milestone for our joint venture with Alpha Dhabi, which leverages our existing strategic relationship with Apollo.” He added, “We look forward to continuing this momentum and reaching the goal of our partnership.”
Apollo Partner Jim Vanek noted, “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.”
This development aligns with Mubadala’s broader strategy to expand its private credit business. The firm has formed partnerships with entities like Ares Management and Goldman Sachs to capitalise on the growing demand for private credit solutions. These collaborations reflect a strategic move to diversify portfolios and achieve attractive risk-adjusted returns in the evolving global market.
