Mubadala, Ares partner to deploy $1 billion through JV into credit secondaries

Abu Dhabi’s Mubadala Investment Company (Mubadala) and Ares Management Corporation plan to deploy approximately $1 billion in global credit secondaries opportunities through a joint venture. The venture represents a key milestone for both organizations and will enhance Mubadala’s positioning within the secondaries credit market while enabling Ares to significantly scale its offering. Meanwhile, the Global Sovereign Wealth Funds 2023 annual report highlighted that Abu Dhabi investors are covering all regions, with the Abu Dhabi Investment Authority most active in North America, Mubadala investing more in Europe in 2022, and ADQ investing across emerging markets. With more than $284 billion in assets under management, Mubadala is central to the UAE’s economic diversification strategy.

Read the original article in Gulf Business: Mubadala, Ares create $1 billion JV to invest in credit secondaries