Alpha Dhabi, Mubadala's Credit joint venture reaches $1 billion portfolio milestone
10 Mar 2025 17:09
ABU DHABI (WAM)Mubadala Investment Company and Alpha Dhabi Holding PJSC on Monday announced that their joint venture, which was launched in 2023, has reached a significant milestone, building an approximate $1 billion portfolio in global credit opportunities.This achievement marks a key step toward the partnership's goal of deploying up to $2.5 billion by 2028, underscoring its strong momentum and progress.The joint venture, which is based in Abu Dhabi Global Market and is 80% owned by Mubadala with Alpha Dhabi owning the remaining 20%, leverages Mubadala's long-term and strategic partnership with Apollo (NYSE: APO), one of the world's largest alternative asset managers, to access high-quality private credit investment opportunities.Since its inception in 2023, the partnership has focused on identifying and capitalising on compelling credit opportunities in sectors and geographies that offer attractive risk-adjusted returns.Hamad Salem Al Ameri, Managing Director and Group Chief Executive Officer of Alpha Dhabi Holding, said, "Alpha Dhabi's partnership with Mubadala and Apollo emphasises our commitment to best-in-class long-term partnerships with leading investment managers. For us, gaining access to proprietary private credit opportunities enables us to generate superior risk-adjusted returns while diversifying our portfolio from an asset class and geographical perspective."Omar Eraiqaat, Deputy CEO of Credit and Special Situations, stated, 'This is a significant milestone for our joint venture with Alpha Dhabi, which leverages our existing strategic relationship with Apollo. This achievement underscores the strength of the platform we have built, and our commitment to identifying and capitalising on high-quality private credit investments. We look forward to continuing this momentum and reaching the goal of our partnership.'Apollo Partner Jim Vanek said, 'Alpha Dhabi and Mubadala are important long-term partners to Apollo. Leveraging our strength in global credit origination, we are pleased for the JV to reach this key milestone.'Mubadala's journey in credit investments dates back to 2009, with its Credit Investments unit successfully navigating private markets through making investments into middle-market and large-cap companies globally.
Alpha Dhabi recognises that credit investing comes with vast opportunities as well as potential risks. The Group continuously refines its approach to risks and prospects to ensure appropriate investment outcomes.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
2 hours ago
- Gulf Today
Trial run of robo-taxis by year end
Dubai's Roads and Transport Authority (RTA) has signed a Memorandum of Understanding (MoU) with Uber Technologies, Inc (NYSE: UBER), the world's leading technology platform for mobility and delivery, and WeRide (NASDAQ: WRD), a global leader in autonomous driving technology. Under the agreement, pilot operations of autonomous vehicles will commence later this year via Uber app in Dubai. In the initial phase, the vehicles will operate with a safety driver on board, paving the way for the full-scale commercial rollout of driverless services in 2026. Field preparations for the pilot phase are already underway, led by Uber and WeRide, with strategic support and supervision from RTA. Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of Dubai's Roads and Transport Authority (RTA), along with Madhu Kannan, Chief Business Officer at Uber, and Ryan Zhan, Regional General Manager of Middle East and Africa at WeRide attended the MoU signing ceremony. The agreement was signed for RTA by Ahmed Hashim Bahrozyan, CEO of the Public Transport Agency, RTA; for Uber by Frans Hiemstra, Regional General Manager for the Middle East and Africa at Uber; and for WeRide by Eric Dong, Director of Capital Markets and Corporate Development at WeRide, in the presence of senior officials from all parties. Al Tayer expressed his pleasure at signing the MoU with Uber Technologies and WeRide, praising both companies for choosing Dubai as the global hub for expanding autonomous vehicle operations. Al Tayer stated: 'The introduction of autonomous vehicles in Dubai represents a significant leap towards a smart and sustainable future for mobility, in line with the vision of our leadership to transform Dubai into the world's smartest city. It also supports the objectives of Dubai Smart Self-Driving Transport Strategy, which seeks to convert 25% of all mobility journeys in the emirate into autonomous trips across various transport modes by 2030. This MoU reinforces Dubai's global leadership in adopting advanced and sustainable transport solutions, embracing state-of-the-art technologies, and fostering innovative mobility initiatives.' Al Tayer added: 'Autonomous vehicles mark a major leap towards a more sustainable and safer future in transportation. The RTA is expanding its global partnerships to deploy a wide range of autonomous mobility solutions, including self-driving vehicles, air taxis, marine transport modes, and autonomous taxis.
Gulf Today
a day ago
- Gulf Today
Christopher Aleo emerges as potential buyer for Dubai's Palazzo Versace Hotel
Gulf Network The iconic Palazzo Versace Dubai, one of the most prestigious luxury hotels in the city, may soon change ownership. Known for its neoclassical architecture and interiors designed by the Italian fashion house Versace, the property has entered a public auction process due to the financial distress of its current ownership. The auction has drawn attention from various international players, and among the potential bidders is Christopher Aleo, a Swiss-Italian entrepreneur and founder of the international financial group iSwiss. However, the potential acquisition is not expected to be carried out directly by iSwiss Bank, but rather through its U.S.-based investment arm, the iSwiss Hedge Fund, headquartered in New York. According to market sources familiar with the matter, the fund is evaluating the opportunity as part of a broader financial strategy, which may include structuring the investment through a listed vehicle on the New York Stock Exchange (NYSE). A Strategic Real Estate Opportunity Located in Jaddaf Waterfront, just minutes from Dubai's financial district, Palazzo Versace is being offered at a base price of approximately AED 600 million (around USD 163 million), significantly below its previously reported valuation of over AED 1.3 billion. Despite the financial challenges facing the current owner, the hotel remains fully operational and continues to deliver high standards of hospitality. For investors, the property represents a prime real estate asset, combining strategic location, brand equity, and established luxury credentials. With 215 rooms and suites, multiple high-end restaurants, lounges, a spa, and views over Dubai Creek, the hotel has long been a preferred destination for international travelers, business leaders, and celebrities. Aleo's Role and the Hedge Fund Angle Christopher Aleo, founder and majority shareholder of the iSwiss Group, is a well-known figure in European financial circles and has had an increasing presence in Dubai's business environment in recent years. While he has made no official comment on the matter, his New York-based hedge fund is reportedly among the entities conducting due diligence on the potential acquisition. Industry analysts note that the deal, if completed, could be structured as a public investment vehicle listed on the NYSE, making it not only a hospitality acquisition but also a sophisticated financial transaction involving international capital markets. This model — integrating high-profile real assets into institutional investment frameworks — has become increasingly common among hedge funds and private equity firms, particularly in cases involving luxury or landmark properties. A Return to Italian Style and New Investment Should the acquisition materialize, the new ownership may consider a strategic repositioning of the hotel, involving significant reinvestments in both infrastructure and service offerings. Sources close to the matter suggest the potential for a refresh of the hotel's Italian design identity, with renewed focus on aesthetic coherence and luxury standards aligned with current global trends. The acquisition by a European-led fund could also represent a reintroduction of Italian influence into the brand's identity, preserving and enhancing the stylistic DNA originally conceived by Versace. Any such repositioning would likely be supported by fresh capital for renovations, branding updates, and enhanced guest services, aligning the hotel more closely with Dubai's rapidly evolving luxury hospitality landscape. No Official Statements At this stage, neither the current ownership of Palazzo Versace nor the iSwiss Group has issued formal statements regarding the potential deal. However, the market has taken note of the growing involvement of hedge funds and international financial players in Dubai's real estate and tourism sectors. The city continues to assert itself as a global hub for tourism, finance, and luxury, offering a fertile environment for cross-sector investment strategies that blend real estate, branding, and financial engineering. Institutional Finance Meets Luxury Real Estate If completed, the acquisition by iSwiss Hedge Fund would represent one of the most significant hospitality-related transactions in the Gulf region this year, further highlighting the convergence of institutional finance and the real economy. Such a move would also reflect a broader trend: financial groups increasingly looking to diversify portfolios by integrating tangible assets into structured investment frameworks, leveraging global equity markets as a source of liquidity and visibility. The coming weeks will likely determine whether this interest translates into a formal bid. If so, it would mark an important milestone for both the iSwiss Group and the hotel itself, setting the stage for a new chapter in the life of one of Dubai's most recognizable hospitality landmarks. For now, Christopher Aleo's name remains one of the most closely watched among potential buyers — a sign of how traditional finance is steadily expanding its footprint into high-end sectors like branded real estate and luxury travel.
Web Release
3 days ago
- Web Release
SentinelOne Accelerates Secure Cloud Migrations for AWS Customers
SentinelOne® (NYSE: S), a global leader in AI-powered security, announced that it has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Workload Migration Program, a program that supports AWS Partner Network (APN) members with a Software-as-a-Service (SaaS) offering on AWS, to drive and deliver workload migrations. By participating in the AWS ISV Workload Migration Program, SentinelOne will offer AWS customers accelerated secure cloud migrations support to help them rapidly migrate securely with modern, AI-powered CNAPP capabilities. With the new program, SentinelOne will use incremental funding, technical support, and go-to-market support from AWS to ensure customers benefit from reduced migration timelines and costs as they transition their software to the cloud. With SentinelOne's AI-powered Singularity Cloud Security, they also gain real-time visibility and protection throughout the migration journey—whether moving from on-premises or another cloud environment—ensuring a secure and seamless transition to AWS. 'Through our participation in the AWS ISV Workload Migration Program, SentinelOne is helping customers accelerate secure cloud migrations with end-to-end protection and visibility,' said Ric Smith, President of Product, Technology, and Operations, SentinelOne. 'Whether moving from on-prem or another cloud to AWS, organizations can count on us to deliver the security they need throughout their journey–realizing the performance, speed, agility, and cost benefits of the cloud.' SentinelOne's Singularity Cloud Security combines agentless and agent-based protection to provide deep visibility, continuous posture management, and real-time threat detection across cloud environments. Whether customers are migrating from on-premises or other cloud providers, SentinelOne empowers them to maintain end-to-end visibility and protection across current and future environments, making it an ideal solution for today's hybrid operating models. Through close collaboration with channel, services, and technical partners, SentinelOne integrates seamlessly into broader migration project teams, helping customers move faster, reduce risk, and confidently embrace the speed and scale of the cloud. SentinelOne's solutions are available globally. To learn more, visit The post SentinelOne Accelerates Secure Cloud Migrations for AWS Customers appeared first on Web Release.
