Alpha Dhabi Holding Doubles Investment in Mubadala Capital’s ‘Micad Credit’ to $1 Billion
Alpha Dhabi Holding, listed on the Abu Dhabi Securities Exchange (ADX), has announced a significant increase in its investment in "Micad Credit," a joint venture managed by Mubadala Capital, the global alternative asset management firm.
Key Transaction Details
Capital Commitment: Alpha Dhabi is doubling its capital commitment in the joint venture to $1 billion.
Ownership Stake: The company will increase its equity stake in "Micad Credit" from 20% to 40%.
Strategic Expansion: The joint venture's mandate will expand to encompass new credit strategies alongside its existing direct lending operations in the United States and Europe, capitalizing on Mubadala Capital’s robust network and long-term partnerships.
Portfolio & Future Growth
"Micad Credit" currently manages $1.7 billion in assets under management (AUM), distributed across 45 portfolio companies. This strategic expansion positions the venture to capture additional lucrative opportunities within the private credit sector and drive continued growth.
Eng. Hamad Salem Mohamed Al-Ameri, CEO and Managing Director of Alpha Dhabi Holding, emphasized that deepening the partnership with Mubadala Capital aligns seamlessly with Alpha Dhabi's overarching investment strategy, securing broader access to high-quality global opportunities. He noted that doubling the capital commitment and broadening the investment mandate establishes a formidable foundation for sustained expansion in the coming years.