Goldman Sachs and Mubadala Investment Company have signed a $1bn separately managed account (Partnership) in which Mubadala and Goldman Sachs Alternatives will co-invest in private credit opportunities throughout the Asia Pacific region.

The Partnership will be managed by Private Credit at Goldman Sachs Alternatives, with a dedicated on-the-ground team across multiple Asia Pacific markets.

The global Private Credit team consists of 165 seasoned credit investment professionals overseeing more than $110 billion in assets under management (AUM) and drawing on the network, expertise and capabilities of Goldman Sachs to source and underwrite global lending opportunities.

Since 1998, Goldman Sachs has invested across multiple Asia Pacific markets, including Australia and New Zealand, India, Southeast Asia, China, Korea and Japan.

This mandate will enable both firms to continue scaling their investment activity in the large and growing Asia Pacific credit market. The Partnership will aim to deploy U$1 billion of long-term capital, offering customised private credit solutions to high-quality companies and sponsors throughout the Asia Pacific region. The Partnership will invest across the private credit spectrum and is expected to invest across multiple Asia Pacific markets, focusing on India.

In 2023, Goldman Sachs announced that it is expanding its footprint in the Middle East and North Africa (MENA) region by opening a new office in Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital city.