Abu Dhabi's Mubadala commits $1 billion to Blue Owl Capital's credit platform | Reuters
Abu Dhabi state fund Mubadala Investment Company has committed $1 billion to U.S.-based Blue Owl Capital's credit platform under a strategic partnership announced by the two companies on Monday.
The investment will initially focus on providing financing for technology companies, Mubadala and Blue Owl said in a statement.
Blue Owl is an alternative investment manager with $150 billion in assets under management.
Mubadala is expanding its credit investment strategy into technology lending amid increasing demand for debt capital from well-established, high-growth software businesses, Mubadala's head of credit investments Fabrizio Bocciardi said in the statement.
The Abu Dhabi sovereign investor has been investing in private debt opportunities through its credit investment unit since 2009, mostly in North America and Europe but has recently strengthened its exposure in the Asia Pacific.
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