Abu Dhabi’s sovereign wealth fund Mubadala Funding Firm has acknowledged that personal credit score has been its best-performing asset class for 3 years in a row.
In an interview with Bloomberg Tv at Davos, Waleed Al Mokarrab, Mubadala’s deputy group chief govt officer, praised the returns which were delivered by the fund’s non-public credit score investments.
“We’ve been capable of handle that nicely and never take an excessive amount of danger,” he stated.
Learn extra: Mubadala buys 42pc share in LA-based credit score supervisor
“A minimum of over the previous two or three years, we’ve been reaching some fairly good returns related to that.”
Mubadala has partnered with a variety of non-public credit score funds in recent times, together with Ares, Goldman Sachs, and Apollo.
Final 12 months, Goldman Sachs signed a $1bn (£0.81bn) with Mubadala to spend money on non-public credit score throughout the Asia Pacific area.
In December 2023, Mubadala partnered with Ares Administration and Aldar Properties on a $1bn non-public credit score fund.
And in December 2024, Mubadala Capital agreed to amass a 42 per cent stake in Los Angeles-based credit score funding specialist Silver Rock Monetary, with a view to committing greater than $1bn to the agency.
Learn extra: Most sovereign wealth funds plan to ramp up non-public credit score allocation
Mubadala additionally has a long-standing relationship with Apollo. In November, it was introduced that the 2 firms have prolonged their partnership for a number of years, as Mubadala seems to be to develop its non-public debt and fairness origination capabilities globally.
Al Mokarrab advised Bloomberg that Mubadala has six non-public credit score partnerships throughout the US, Europe and Asia.
The sovereign wealth fund has belongings of roughly $1.7tn. In response to analysis from International SWF, it was the world’s most lively sovereign investor final 12 months with $29.2bn deployed.
Learn extra: Abu Dhabi’s Mubadala companions with Ares on $1bn non-public credit score fund