Latest news with #OmarEraiqaat
Al Etihad
24-04-2025
- Business
- Al Etihad
Mubadala to deploy $1b in Fortress Group's private credit business
24 Apr 2025 22:02 A. SREENIVASA REDDY (ABU DHABI) Mubadala, the Abu Dhabi-based sovereign investor, and Fortress Investment Group, a global investment manager, on Thursday announced the signing of a $1 billion strategic partnership to capitalise on opportunities in private credit space. A joint statement said that Mubadala will deploy $1 billion in a range of Fortress's existing private credit, asset-based lending and real estate recent times, it has become increasingly difficult and expensive for corporations to secure funding from traditional lending institutions due to stricter conditions. This environment has given rise to private lending as a significant investment area, with wealth management funds seeking improved through its asset management company Mubadala Capital, already holds a significant stake in Fortress.'This strategic partnership with Fortress builds upon our existing shareholding and underscores the strength and depth of the relationship between our two institutions,' said Omar Eraiqaat, Deputy CEO of Credit and Special Situations at Mubadala. 'Private credit continues to play an increasingly vital role in global capital markets, offering attractive risk-adjusted returns. This partnership leverages the complementary strengths of both Mubadala and Fortress.'Fabrizio Bocciardi, Head of Credit Investments at Mubadala, added: "We look forward to continuing to work with the Fortress team to realise the significant benefits of this partnership. As both a significant Fortress shareholder and a long-term investor in private debt, this partnership with Fortress is a win-win."'This partnership builds on our strong relationship with Mubadala and allows them to invest in a range of our core strategies,' added Drew McKnight, Co-CEO of Fortress. Josh Pack, Co-CEO of Fortress, added: 'Across more than 25 years of being a pioneer and innovator in private capital, we've consistently delivered best-in-class returns and solutions to our limited partners. This partnership with Mubadala will allow us to bring more scale to our franchise, with additional capital.'In May 2024, Fortress, Mubadala, and Mubadala Capital announced the completion of the acquisition of 90.01% of the equity of Fortress. At close, Fortress management owned a 32% equity interest in the company in a class of equity entitling Fortress management to appoint a majority of seats on the board; a consortium led by Mubadala Capital, Mubadala's asset management subsidiary, owned 68% of Fortress equity. Direct corporate credit and asset-based financing have been at the core of Fortress's offering for more than two decades, with more than $100 billion deployed across thousands of transactions, the statement said. In recent times, Abu Dhabi-based sovereign wealth has been playing a growing role on the global stage. According to the Sovereign Wealth Fund Institute (SWFI), Abu Dhabi funds were responsible for six of the top 11 global sovereign fund transactions in 2024. Of these, three were executed by Mubadala, two by the Abu Dhabi Investment Authority (ADIA), and one by the Abu Dhabi Developmental Holding Company (ADQ), SWFI said.
Al Etihad
12-03-2025
- Business
- Al Etihad
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 achievement marks a key step toward the partnership's goal of deploying up to $2.5 billion by 2028, underscoring its strong momentum and 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 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 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.
Gulf Today
11-03-2025
- Business
- Gulf Today
Alpha Dhabi, Mubadala's Credit joint venture reaches $1 billion portfolio milestone
Mubadala Investment Company and Alpha Dhabi Holding PJSC today announced that their joint venture, which was launched in 2023, has reached a significant milestone, building an approximate US$1 billion portfolio in global credit opportunities. This achievement marks a key step toward the partnership's goal of deploying up to US$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.
Zawya
10-03-2025
- Business
- Zawya
Alpha Dhabi, Mubadala's Credit joint venture reaches $1bln portfolio milestone
Mubadala Investment Company and Alpha Dhabi Holding PJSC today announced that their joint venture, which was launched in 2023, has reached a significant milestone, building an approximate US$1 billion portfolio in global credit opportunities. This achievement marks a key step toward the partnership's goal of deploying up to US$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.
