UAE's Mubadala, Baring partner on $3.5bn financing platform - Arabianbusiness:
Barings, one of the world’s leading financial services firms, on Tuesday announced that it has formed the Barings Mubadala Enterprise (BME), a platform seeking to provide financing solutions to European middle-market businesses.
The partnership is anchored by UAE-based Mubadala Investment Company and will invest alongside MassMutual and Barings’ capital.
BME and its capital partners aim to provide $3.5 billion in financing over the next 18 months to help meet growing corporate demand for flexible capital solutions in Europe.
Barings’ chairman and CEO, Tom Finke, said: “This partnership will leverage our significant capabilities in origination and alternative credit to help strategic capital partners such as Mubadala invest with scale. We are looking to take advantage of middle-market direct lending opportunities, focusing on senior secured loans as borrowers shift focus from traditional bank financing to institutional capital providers to fund acquisitions and growth projects.”
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