Goldman Sachs and UAE sovereign investor Mubadala Investment Company have signed a $1 billion individually managed account in which each the entities will co-invest in private credit alternatives all through the Asia Pacific area.
The partnership will probably be managed by Private Credit at Goldman Sachs Alternatives, with a devoted on-the-ground group throughout a number of Asia Pacific markets.
“The partnership will aim to deploy $1 billion of long-term capital, offering customised private credit solutions to high quality companies and sponsors throughout the Asia Pacific region. The partnership will invest across the private credit spectrum and is expected to invest across multiple Asia Pacific markets with a particular focus on India,” the entities mentioned in a joint assertion.
Marc Nachmann, Global Head of Asset & Wealth Management, Goldman Sachs, mentioned, “We continue to believe our rigorous underwriting and dedicated on-the-ground sourcing provides us differentiated investment opportunities.”
Greg Olafson, Global Head of Private Credit, Goldman Sachs Alternatives, mentioned, “Through this partnership with Mubadala, we look forward to expanding our long-established investment focus on the region.”
Omar Eraiqat, Deputy CEO of Diversified Investments at Mubadala, mentioned, “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.”
Fabrizio Bocciardi, Head of Credit Investments, Mubadala, added, “India, in particular, stands out as a key market with significant opportunities in private credit, and where Goldman Sachs has strong exposure and capabilities.”
