- Ares Management Corporation and Abu Dhabi's sovereign investor Mubadala, have joined forces to create a joint venture, which will provide $352 billion in assets to capitalize on global private credit opportunities in the secondary market.
- Mubadala will lead the joint venture that plans to invest up to $1 billion to take advantage of the projected expansion and strong interest from private equity companies and other investors seeking tailored liquidity solutions for credit secondary assets.
Why it matters
This strategic alliance marks an important step for both parties, allowing Mubadala to increase their presence in the secondaries credit sector, and allowing Ares to significantly expand their offering. With a combined $214 billion and $22 billion in assets under management in credit and secondaries respectively.