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 Dhs9 billion (approximately $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 per cent ownership in the Abu Dhabi Global Market-based joint venture entity, with the remaining 20 per cent to be held by Alpha Dhabi.

Hamad Salem Al Ameri, Chief Executive Officer and Managing Director of Alpha Dhabi, commented on the announcement, saying, “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 - both renowned in this space - to address the global market need for alternative forms of liquidity and credit. The asset class further diversifies our portfolio and attractive risk-adjusted returns.”

Hani Barhoush, CEO of Disruptive Investments at Mubadala, stated, “We are excited to form this partnership with Alpha Dhabi at a time when global private credit markets are entering a period of significant growth. 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.”

WAM