Abu Dhabi’s sovereign wealth fund Mubadala Funding Firm has acknowledged that non-public credit score has been its best-performing asset class for 3 years in a row.
In an interview with Bloomberg Tv at Davos, Waleed Al Mokarrab, Mubadala’s deputy group chief government officer, praised the returns which have been delivered by the fund’s personal credit score investments.
“We’ve been capable of handle that nicely and never take an excessive amount of threat,” he mentioned.
Learn extra: Mubadala buys 42pc share in LA-based credit score supervisor
“At the least over the previous two or three years, we’ve been attaining some fairly good returns related to that.”
Mubadala has partnered with quite a few personal credit score funds lately, together with Ares, Goldman Sachs, and Apollo.
Final 12 months, Goldman Sachs signed a $1bn (£0.81bn) with Mubadala to put money into personal credit score throughout the Asia Pacific area.
In December 2023, Mubadala partnered with Ares Administration and Aldar Properties on a $1bn personal credit score fund.
And in December 2024, Mubadala Capital agreed to accumulate a 42 per cent stake in Los Angeles-based credit score funding specialist Silver Rock Monetary, with a view to committing greater than $1bn to the agency.
Learn extra: Most sovereign wealth funds plan to ramp up personal credit score allocation
Mubadala additionally has a long-standing relationship with Apollo. In November, it was introduced that the 2 corporations have prolonged their partnership for a number of years, as Mubadala seems to be to develop its personal debt and fairness origination capabilities globally.
Al Mokarrab advised Bloomberg that Mubadala has six personal credit score partnerships throughout the US, Europe and Asia.
The sovereign wealth fund has belongings of roughly $1.7tn. In accordance with analysis from World SWF, it was the world’s most lively sovereign investor final 12 months with $29.2bn deployed.
Learn extra: Abu Dhabi’s Mubadala companions with Ares on $1bn personal credit score fund
