Banking News

Goldman Sachs, Mubadala to invest $1 billion in Asia Pacific private credit market


Goldman Sachs and Mubadala Investment Company have signed a $1-billion separately managed account in which Mubadala and Goldman Sachs will co-invest in private credit opportunities throughout the Asia Pacific region, said a joint statement.

The Partnership will be managed by Private Credit at Goldman Sachs Alternatives, with a dedicated on-the-ground team across multiple Asia Pacific markets.

The global Private Credit team consists of 165 credit investment professionals overseeing more than $110 billion in assets under management (AUM).

The Partnership will aim to deploy $1 billion of long-term capital, offering customized private credit solutions to companies and sponsors throughout the Asia Pacific region, it said.

In 2023, Goldman Sachs announced that it is expanding its footprint in the Middle East and North Africa (MENA) region by opening a new office in Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital city.

“This partnership bolsters the expansion of our Asia Credit platform and investment in new opportunities across the Asia Pacific region where bespoke credit solutions are needed,” said Marc Nachmann, Global Head of Asset & Wealth Management at Goldman Sachs. “The diverse and rapidly growing economies, as well as the increasing private equity deal volumes, are significantly driving demand in Asia Pacific for customized credit solutions from non-traditional lenders. This partnership with Goldman Sachs compliments our aspirations to grow our private credit exposure in APAC, a region that is central to Mubadala’s strategic growth initiatives,” said Omar Eraiqat, Deputy CEO of Diversified Investments at Mubadala. Since 2009, Mubadala’s Credit Investments unit has been investing in private debt opportunities, with a focus on direct lending to middle market and large cap companies across a variety of industries and asset classes. Geographically, the unit’s focus has primarily been on North America and Europe, but has recently been strengthening its exposure in the rapidly growing Asia Pacific credit market.

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