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Mubadala and KKR Enter into a Strategic Partnership to Invest in Private Credit in Asia Pacific
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
KKR and Mubadala Investment Company have entered into a strategic partnership to co-invest in private credit opportunities within the Asia Pacific (APAC) region. The partnership aims to deploy at least US$1 billion in long-term capital while supporting businesses facing challenges in accessing flexible financing. KKR recently raised the KKR Asia Credit Opportunities Fund, a US$1.1 billion credit investment vehicle. KKR has deployed nearly US$3 billion in credit capital in APAC since 2019, enhancing its credit platform and capabilities in the rapidly growing regional market.
Positive
Partnership will deploy at least US$1 billion in long-term capital.
KKR Asia Credit Opportunities Fund raised US$1.1 billion for credit investments.
KKR's history of nearly US$3 billion deployed in APAC credit capital since 2019.
Negative
None.
Partnership bolsters Mubadala’s presence in the large and growing APAC credit market
Enhanced capital significantly expands KKR’s credit platform and capabilities in APAC
HONG KONG & ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--
KKR, a leading global investment firm, and Mubadala Investment Company (“Mubadala”), a global sovereign investor, today announced the signing of a Strategic Partnership (the “Partnership”) that will see the two firms co-investing across performing private credit opportunities in the Asia Pacific (“APAC”) region.
The Partnership aims to deploy at least US$1 billion of long-term capital, providing bespoke credit solutions to companies and sponsors. Mubadala will deploy its capital alongside KKR’s existing pools of capital, including the recently raised KKR Asia Credit Opportunities Fund, a US$1.1 billion vehicle focused on performing, privately originated credit investments in the region.
The Partnership represents a key milestone for both organizations, as it strengthens Mubadala’s exposure in the rapidly growing APAC credit market, while enabling KKR to significantly scale its APAC credit platform. The Partnership commences at a time when the region’s growth has fueled an enormous demand for funding solutions, as many companies, sponsors, and entrepreneurs face challenges accessing flexible financing due to limited supply of capital from banks and non-bank lenders. The Partnership between Mubadala and KKR aims to address this shortage of flexible capital while supporting businesses in APAC in achieving their long-term growth ambitions.
Omar Eraiqaat, Co-Head of Credit Investments at Mubadala, said: “Expanding into the Asia Pacific region is a core pillar of our strategy as this market presents unique credit investment opportunities, driven by its rapid growth and high demand for non-bank capital. We are very pleased to collaborate with KKR, an experienced and high-caliber partner, and we look forward to leveraging their deep experience and capabilities in Asia Pacific to pursue credit opportunities and deliver value to our stakeholders.”
Brian Dillard, Partner & Head of Asia Pacific Credit at KKR, added, “We are excited to strengthen our deep and longstanding relationship with Mubadala through this strategic partnership. Alongside Mubadala, KKR will have the additional resources to materially increase the size of our investments, pursue more opportunities across Asia, and extend innovative capital solutions to meet the rising demand of borrowers. We look forward to playing an even larger role in helping to meet Asian businesses’ growing financing needs.”
In APAC, KKR has deployed nearly US$3 billion in credit capital since 2019. This has included providing acquisition financing and bespoke capital solutions for companies and financial sponsors in the environmental services, real estate, education, infrastructure, and healthcare sectors. KKR Credit has made investments across APAC, including Australia, Greater China, India, Korea, Malaysia, New Zealand, Singapore, and Vietnam. The APAC credit business is part of KKR’s approximately US$178 billion global credit platform.1
About Mubadala Investment Company
Mubadala Investment Company is a global sovereign investor managing a US $284 billion portfolio that spans six continents with interests in multiple sectors and asset classes. The company leverages its deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates. For more information about Mubadala Investment Company, please visit: www.mubadala.com.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
