FUNDRAISING NEWS | March 04, 2024
Goldman Sachs and Mubadala Investment Company, a leading sovereign investor, have established a $1 billion partnership to jointly invest in private credit opportunities across the Asia Pacific region, according to a press release.
Managed by Goldman Sachs Alternatives' Private Credit team, this collaboration aims to leverage a network of over 165 investment professionals and an extensive AUM exceeding $110 billion.
The partnership, focusing particularly on markets including India, plans to utilize long-term capital to provide customized private credit solutions across the region, highlighting both firms' commitment to expanding their investment activities in this growing market.
This move comes as Goldman Sachs continues to expand its presence in the Middle East and North Africa (MENA) region, with a new office set to open in the Abu Dhabi Global Market (ADGM). This expansion is part of Goldman Sachs' strategy to enhance its regional footprint and client services, demonstrating its long-term commitment to growth in these key markets. This strategic partnership and regional expansion underscore the firms' dedication to identifying and capitalizing on investment opportunities in the Asia Pacific and MENA regions, offering investment allocators insights into their evolving strategies and market focus.
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Koncheng Moua is the Director of Data Management and Strategy at Dakota.
