Mubadala unveils $1bn private credit partnership with Goldman Sachs

Mubadala unveils $1bn private credit partnership with Goldman Sachs

UAE – Mubasher: Mubadala Investment Company and Goldman Sachs penned a $1 billion separately managed account to co-invest in the Asia Pacific region.

The partnership will be managed by Private Credit at Goldman Sachs Alternatives, according to WAM news agency.

The global private credit team includes 165 seasoned credit investment professionals overseeing more than $110bn in assets under management (AUM) and drawing on the network, expertise, and capabilities of Goldman Sachs.

Under the deal, the two companies will widen their investment activity and expand the Asia Pacific credit market.

A total of $1 billion will be deployed to offer customised private credit solutions to key companies and sponsors throughout the Asia Pacific region, focusing on India.

Marc Nachmann, Global Head of Asset and Wealth Management at Goldman Sachs, commented: “This Partnership bolsters the expansion of our Asia Credit platform and investment in new opportunities across the Asia Pacific region where bespoke credit solutions are needed.”

Omar Eraiqat, Deputy CEO of Diversified Investments at Mubadala, said: “The diverse and rapidly growing economies, as well as the increasing private equity deal volumes, are significantly driving demand in Asia Pacific for customised credit solutions from non-traditional lenders.”

Earlier this month, Mubadala joined forces with private equity firms Stone Point Capital