Alpha Dhabi and Mubadala joint venture launches $1 billion portfolio

Mubadala Investment Company (Mubadala) and Alpha Dhabi Holding PJSC (Alpha Dhabi) today announced that their joint venture, launched in 2023, has established a portfolio of approximately $1 billion to invest in global credit opportunities.

This milestone marks a major step towards the partnership’s goal of investing up to $2.5 billion by 2028 and underscores the strong momentum and progress of the joint venture.

The joint venture, headquartered in Abu Dhabi Global Market and owned 80% by Mubadala and 20% by Alpha Dhabi, leverages Mubadala’s long-standing strategic partnership with Apollo (NYSE: APO), one of the world’s largest alternative investment managers, to identify high-quality investment opportunities in the private credit market.

“Our partnership with Mubadala and Apollo underscores our commitment to long-term, leading partnerships with leading investment managers,” said Hamad Salem Al Ameri, CEO and Managing Director of Alpha Dhabi Holding. “Investing in private credit opportunities allows us to generate attractive risk-adjusted returns and further diversify our portfolio across asset classes and geographies.”

Omar Eraiqat, Deputy CEO of Mubadala’s Credit and Special Situations Investments, said: “The establishment of the nearly $1 billion investment portfolio is a significant milestone for our joint venture with Alpha Dhabi, and further strengthens our strategic relationship. With Apollo.

Jim Vanek, Partner at Apollo, said: “Alpha Dhabi and Mubadala are important long-term partners for Apollo. We are pleased that our joint venture has achieved this important milestone by leveraging our core strengths in global credit issuance.”