Mubadala Capital announced the completion of the transfer of Mubadala Investment Company’s Credit business into its platform. Under a long‑term management agreement, Mubadala Capital will now manage the existing $25 billion credit portfolio and will accept third‑party capital for the first time. Mubadala is also committing $4.65 billion of incremental capital to support the business’s next phase of growth.
Completion of the Credit Business Transfer
The transfer moves Mubadala’s Credit portfolio, built since 2009, into Mubadala Capital’s alternative‑asset platform. The $25 billion portfolio spans direct lending, real‑estate and infrastructure debt, secondaries, NAV financing, technology private credit and Asia private credit, and is backed by 14 leading origination partners. More than 25 investment professionals have transitioned to Mubadala Capital, preserving the existing investment philosophy, partnership model and leadership.
Mubadala Capital will now manage the portfolio under a long‑term management agreement and will open the platform to external investors. The integration also brings senior leadership to the Credit unit: Omar Eraiqat joins as Senior Partner, President and Chief Investment Officer, Credit and Solutions, while Fabrizio Bocciardi becomes Senior Partner and Head of Credit.
Evolution of Mubadala Capital’s Platform
The Credit transfer is the latest milestone in Mubadala Capital’s shift from a single‑product private‑equity platform to a diversified global alternative‑asset manager. Since launching its third‑party capital platform in 2017 and becoming an independent subsidiary of Mubadala Investment Company in 2021, the firm has grown assets under management, advisory and administration from $20 billion in 2022 to over $600 billion today. Notable transactions include the 2025 acquisition of CI Financial and GP partnerships with Silver Rock Financial, Aldar Capital and Aquarian.
Mubadala’s commitment to the Credit platform is underscored by a $4.65 billion incremental capital injection. Hani Barhoush, Managing Director and CEO of Mubadala Capital, said the capital “reflects…powerful signals of conviction—in this asset class, in this platform, and in what we are building.” The infusion is intended to expand the platform’s capacity to connect “distinctive pools of capital with best‑in‑class opportunities across asset classes, geographies, and partnership models.”
His Excellency Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala, has joined the Mubadala Capital Board as Chairman. Waleed Al Mokarrab Al Muhairi will remain on the Board as Vice Chairman.
Strategic Implications for Institutional Investors
Opening the Credit platform to third‑party investors provides external capital with access to Mubadala’s long‑standing private‑debt track record, its origination network and its disciplined investment process. For institutional investors, the move offers a new avenue to allocate capital to a diversified credit portfolio that has been managed through multiple market cycles.
The integration also consolidates the Credit team within a larger, sovereign‑backed alternative‑asset platform, potentially enhancing operational resilience and governance. With more than 250 professionals across Abu Dhabi, London, New York, Rio de Janeiro and San Francisco, Mubadala Capital can leverage global resources while maintaining the “world‑class team” that built the Credit business.
Key Takeaways
- Mubadala Capital completed the transfer of Mubadala Investment Company’s $25 billion Credit portfolio and will now manage it under a long‑term agreement.
- The platform is opened to third‑party investors for the first time, giving external capital access to the Credit business’s track record and origination network.
- Mubadala is committing $4.65 billion of incremental capital to the Credit platform, and His Excellency Khaldoon Khalifa Al Mubarak has joined the Mubadala Capital Board as Chairman.
FinanceInsyte's Take
The integration signals Mubadala’s intent to scale its sovereign‑backed credit capabilities while inviting external capital into a historically closed platform. Executives should monitor how the new third‑party capital inflows are allocated across the Credit business’s diverse strategies and whether the $4.65 billion injection translates into measurable expansion of lending capacity. The long‑term impact on pricing, partnership dynamics and risk‑adjusted returns remains to be seen.
Source: Businesswire
