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Alpha Dhabi raises stake in Mubadala private-credit joint venture to 40%
🇦🇪 United Arab Emirates /Economy & Trade

Alpha Dhabi raises stake in Mubadala private-credit joint venture to 40%

From Gulf Today · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • Alpha Dhabi Holding will commit $1 billion to MICAD Credit JV and raise its ownership stake to 40% from 20%.
  • The Mubadala Capital-managed joint venture has about $1.7 billion in assets across 45 portfolio companies.
  • Its mandate will expand beyond existing US and European direct-lending activities to include additional private-credit strategies.

Alpha Dhabi Holding is increasing its role in a private-credit partnership managed by Mubadala Capital, doubling its capital commitment to $1 billion and taking a 40% stake.

The revised agreement lifts Alpha Dhabi’s ownership in MICAD Credit JV from 20%. The joint venture will broaden its investment mandate to include additional private-credit strategies available through Mubadala Capital’s established relationships.

MICAD Credit JV already invests in US and European direct lending. It manages approximately $1.7 billion in assets across 45 portfolio companies.

Hamad Salem Al Ameri, managing director and group chief executive of Alpha Dhabi Holding, said the expanded partnership reflected the company’s conviction that private credit should serve as a strategic pillar. The company, listed on the Abu Dhabi Securities Exchange, described itself as one of the fastest-growing investment holding groups in the Mena region.

This expanded partnership with Mubadala Capital reflects our conviction in private credit as a strategic pillar

— Hamad Salem Al AmeriAlpha Dhabi Holding's managing director and group CEO described the reason for increasing the company's investment and ownership stake.
About this summary

Originally published by Gulf Today in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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