Goldman Sachs, Mubadala ink US$1 billion private credit Asia-Pacific partnership deal

GOLDMAN Sachs and Abu Dhabi’s sovereign wealth fund Mubadala have struck a US$1 billion deal, signing a separately managed account in which the companies will co-invest in private credit in the Asia Pacific, the companies said on Monday (Feb 26).

The companies will jointly invest in multiple Asia-Pacific markets with a particular focus on India, as part of the agreement.

“The diverse and rapidly growing economies, as well as the increasing private-equity deal volumes, are significantly driving demand in Asia-Pacific for customised credit solutions from non-traditional lenders,” Omar Eraiqat, deputy CEO, Diversified Investments at Mubadala, said.

Mubadala is seeking to roughly double its exposure to Asia by as soon as 2030, according to a media report last month, citing an interview with Camilla Macapili Languille, head of the fund’s life sciences and healthcare investments division. REUTERS