Mubadala and Goldman Sachs Forge $1Bn Private Credit Alliance

With Chief Legal Officer Samer Halawa (pictured) residing at the helm of its legal team, Mubadala Investment Company and Goldman Sachs have signed a $1 billion separately managed account (Partnership) aimed at co-investing in private credit opportunities across the Asia Pacific region. 

Managed by Private Credit at Goldman Sachs Alternatives, the Partnership will benefit from a dedicated on-the-ground team spanning multiple Asia Pacific markets. With a global Private Credit team comprising 165 seasoned credit investment professionals overseeing assets exceeding $110 billion under management (AUM), Goldman Sachs leverages its extensive network, expertise, and capabilities to identify and underwrite global lending opportunities. 

Having invested across various Asia Pacific markets since 1998, including Australia, New Zealand, India, Southeast Asia, China, Korea, and Japan, Goldman Sachs aims to scale its investment activity in the region through this partnership. 

The Partnership, with a mandate to deploy $1 billion of long-term capital, will offer customized private credit solutions to high-quality companies and sponsors throughout the Asia Pacific region. It will span the private credit spectrum, with a focus on India. 

In 2023, Goldman Sachs announced its expansion in the Middle East and North Africa (MENA) region with the opening of a new office in Abu Dhabi Global Market (ADGM), underscoring its commitment to growing its regional footprint and client offerings. 

Omar Eraiqat, Deputy CEO of Diversified Investments at Mubadala, highlighted the growing demand in Asia Pacific for customized credit solutions and affirmed the partnership’s alignment with Mubadala’s strategic growth initiatives. 

Fabrizio Bocciardi, Head of Credit Investments at Mubadala, underscored the significance of the partnership in unlocking new opportunities throughout the Asia Pacific region, particularly in India, where Goldman Sachs has established exposure and capabilities. 

Marc Nachmann, Global Head of Asset and Wealth Management at Goldman Sachs, expressed enthusiasm for the partnership, highlighting its significance in expanding the Asia Credit platform and exploring new opportunities across the Asia Pacific region. 

Greg Olafson, Global Head of Private Credit at Goldman Sachs Alternatives, emphasized the expansive opportunity in private credit within Asia Pacific, noting the region’s strong economic growth and conducive conditions for private lenders to provide flexible, long-term capital to support leading companies. 

Since 2009, Mubadala’s Credit Investments unit has been actively investing in private debt opportunities, focusing on direct lending to middle-market and large-cap companies across various industries and geographies, with a recent focus on expanding its exposure in the rapidly growing Asia Pacific credit market.