Mubadala inks $1bn private credit deal with Goldman Sachs

Mubadala Investment Company and Goldman Sachs have signed a $1 billion deal to invest in private credit deals in the Asia Pacific region.

According to the statement, “They signed a $1 billion 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.

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 $1 billion of long-term capital, offering customized 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 with a particular focus on India.

Omar Eraiqat, Deputy CEO of Diversified Investments at Mubadala, said that, “The diverse and rapidly growing economies, as well as the increasing private equity deal volumes, are significantly driving demand in the Asia Pacific for customized credit solutions from non-traditional lenders. This partnership with Goldman Sachs compliments our aspirations to grow our private credit exposure in APAC, a region that is central to Mubadala’s strategic growth initiatives.”

“This partnership bolsters the expansion of our Asia Credit platform and investment in new opportunities across the Asia Pacific region where bespoke credit solutions are needed. We continue to believe our rigorous underwriting and dedicated on-the-ground sourcing provides us differentiated investment opportunities,” commented Marc Nachmann, Global Head of Asset and Wealth Management at Goldman Sachs.