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RIYADH: Abu Dhabi state fund Mubadala Investment Co. and UAE-based conglomerate Alpha Dhabi plan to co-invest up to 9 billion dirhams ($2.5 billion) in credit markets through a new joint venture. The two companies plan to use Mubadala’s relationship with US asset manager Apollo “to access high-quality private credit investment opportunities,” they said in a joint statement

The Abu Dhabi Global Market-based joint venture aims to collectively deploy up to Dhs9bn over the next five years

Alpha Dhabi Holding and Mubadala Investment Company today announced the formation of a joint venture to co-invest in credit opportunities.

Mubadala will co-invest $2.5 billion in global private credit over the next five years through a joint venture with Alpha Dhabi.

ABU DHABI, 5th January, 2023 (WAM) -- Alpha Dhabi Holding and Mubadala Investment Company today announced the formation of a joint venture to co-invest in credit opportunities. Alpha Dhabi and Mubadala aim to collectively deploy up to AED9 billion (approximately US$2.5 billion) over the next five years, leveraging Mubadala’s long-term and strategic partnership with Apollo, one of the world’s largest alternative asset managers, to access high-quality private credit investment opportunities.Mubadala will hold 80% ownership in the Abu Dhabi Global Market-based joint venture entity, with the.....