Global investment firm KKR and Abu Dhabi’s sovereign fund Mubadala Investment Company on Monday announces a $1 billion co-investment in Asia Pacific private credit opportunities. According to the agreement, Mubadala will deploy its capital alongside KKR’s existing capital pools, including the $1.1 billion KKR Asia Credit Opportunities Fund.
The collaboration aims to capitalise on the region’s growing opportunities, increasing Mubadala’s exposure and assisting KKR in scaling its credit platform.
“Expanding into the Asia Pacific region is a core pillar of our strategy as this market presents unique credit investment opportunities, driven by its rapid growth and high demand for non-bank capital,” said Omar Eraiqaat, Co-Head of Credit Investments at Mubadala, in a joint statement.
Since 2019, KKR has deployed nearly $3 billion in credit capital in Asia Pacific. These include acquisition financing and capital solutions for environmental services, real estate, education, infrastructure, and healthcare companies and financial sponsors. The investment firm has a global credit platform worth $178 billion.
“Alongside Mubadala, KKR will have the additional resources to materially increase the size of our investments, pursue more opportunities across Asia, and extend innovative capital solutions to meet the rising demand of borrowers. We look forward to playing an even larger role in helping to meet Asian businesses’ growing financing needs,” Brian Dillard, Partner & Head of Asia Pacific Credit at KKR, said.
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