There has been a noted increase in private credit tie-ups in the Middle East over the past year, with Barclays pursuing a partnership with AGL Credit Management with anchor capital from the Abu Dhabi Investment Authority, while Mubadala has already struck deals with Ares Management and Blue Owl.
According to Bloomberg, which has around $300bn in AUM and is one of Abu Dhabi’s three main sovereign wealth funds, is looking to double its exposure to Asia by 2030 to capitalise on faster-growing economies and diversify its investment portfolio.
Source: Private Equity Wire
