Abu Dhabi, UAE–Alpha Dhabi Holding and Mubadala Investment Company have formed a joint venture to collectively deploy up to AED9 billion (approximately US$2.5 billion) over the next five years in credit opportunities.
Mubadala will hold 80 percent ownership in the Abu Dhabi Global Market-based joint venture entity, with the remaining 20 percent to be held by Alpha Dhabi.
The venture will leverage 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.
Hamad Salem Al Ameri, CEO Alpha Dhabi, said, “We have continued to assess the private credit market asset class recently with a keen interest, particularly given the current global market environment. We are proud to partner with Mubadala and Apollo.”
Hani Barhoush, CEO of Disruptive Investments at Mubadala, stated, “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 worldwide while driving synergies across Abu Dhabi’s ecosystem.”