- Mubadala extends private credit footprint in APAC
- Abu Dhabi SWF backing helps KKR scale up range
- “High demand for non-bank capital” in APAC
US asset manager KKR is partnering with Mubadala, the Abu Dhabi sovereign wealth fund, in a $1bn private credit co-investment focused on Asia-Pacific.
The pair said they would invest at least $1bn in long-term capital, “providing bespoke credit solutions to companies and sponsors.”
Part of Mubadala’s capital will be deployed in KKR Asia Credit Opportunities Fund, a $1.1bn fund built around performing, privately originated credit investments in the region.
Mubadala manages $284bn for the U.A.E. KKR, which has a $178bn global credit platform, has invested $3bn in APAC credit since 2019.
“Expanding into the Asia Pacific region is a core pillar of our strategy as this market presents unique credit investment opportunities, driven by its rapid growth and high demand for non-bank capital,” said Omar Eraiqaat, co-head of credit investments at Mubadala.
Read the statement.