Mubadala Investment Company and Goldman Sachs have signed a $1B separately managed account (Partnership) to co-invest in private credit opportunities across the Asia Pacific region. Private Credit at Goldman Sachs Alternatives will manage the Partnership, with a dedicated team on the ground in multiple Asia Pacific markets.
Goldman Sachs, with 165 seasoned credit investment professionals overseeing over $110bn in assets, will leverage its network, expertise, and capabilities to source and underwrite global lending opportunities.
Goldman Sachs’ investment history in the Asia Pacific region, spanning Australia, New Zealand, India, Southeast Asia, China, Korea, and Japan since 1998, aligns with Mubadala’s strategy. The Partnership aims to deploy $1B of long-term capital, providing tailored private credit solutions to high-quality companies and sponsors throughout the Asia Pacific, particularly focusing on India.
In 2023, Goldman Sachs announced the expansion of its presence in the Middle East and North Africa (MENA) region by opening an office in Abu Dhabi Global Market (ADGM). This move supports the firm’s long-term strategy to grow its footprint and client offerings in the region, according to Arabian Business.
Marc Nachmann, Global Head of Asset and Wealth Management at Goldman Sachs, and Greg Olafson, Global Head of Private Credit at Goldman Sachs Alternatives, expressed enthusiasm for the Partnership, highlighting its potential to contribute to the expansion of the Asia Credit platform.
Omar Eraiqat, Deputy CEO of Diversified Investments at Mubadala, highlighted the increasing demand for customised credit solutions in the Asia Pacific, driven by diverse and rapidly growing economies. Fabrizio Bocciardi, Head of Credit Investments at Mubadala, emphasized the strategic importance of the Asia Pacific region, particularly India, for unlocking new opportunities in private credit.
