Mubadala Commits $1 Billion to Blue Owl Capital's Technology Lending Strategy
- Mubadala forms strategic partnership with Blue Owl Capital with a $1 billion commitment to its Credit platform.
- Partnership will focus on Blue Owl's Technology Lending strategy for technology and software companies.
- Blue Owl is a leader in the technology lending space, well-positioned to capitalize on opportunities.
- None.
"We are proud to form a strategic partnership with a high-performing and renowned investor such as Mubadala," said Doug Ostrover, Co-Chief Executive Officer of Blue Owl. "This mandate reflects the depth of our direct lending capabilities within the technology sector and our ability to deliver differentiated solutions that enable our clients to meet their investment objectives. We look forward to a long and successful partnership with Mubadala as we work together to drive value across our strategy."
Fabrizio Bocciardi, Head of Credit Investments at Mubadala, added: "We are very pleased to partner with Blue Owl as we expand our credit investment strategy into technology lending. Private credit has become an integral part of the financing solutions available to support corporate growth and there is an increasing demand for debt capital from well-established and high-growth software and technology businesses, which typically have leading market positions, resilient customer base and strong financial fundamentals. As a leader in the technology lending space, Blue Owl is well-positioned to capitalize on both current and future opportunities. We look forward to working with the Blue Owl team to realize the significant benefits of this partnership."
Since 2009, Mubadala's Credit Investments unit has been investing in private debt opportunities, with a focus on direct lending to middle market and large cap companies across a variety of industries and asset classes. Geographically, the unit's focus has primarily been on
About Blue Owl Capital
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.
With
Together with over 600 experienced professionals across 10 offices globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.
As of June 30, 2023
Blue Owl Media Contact
Nick Theccanat
Principal, Corporate Communications & Public Policy
Nick.Theccanat@blueowl.com
About Mubadala Investment Company
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi. Mubadala's
For more information about Mubadala, please visit: www.mubadala.com
Mubadala Media Contact:
Salam Kitmitto
Head of Communications – Disruptive Investments
sakitmitto@mubadala.ae
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SOURCE Blue Owl Capital