Tuesday, 02 January 2024 12:17 GMT

Abu Dhabi's Mubadala Launches $500-Million Real Estate Debt Partnership With Barings


(MENAFN- Khaleej Times)

Abu Dhabi's Mubadala has launched a $500 million global real estate debt partnership with Barings, a leading investment manager and MassMutual subsidiary. The new partnership will focus on investing in senior and subordinated real estate loans across real estate asset classes.

The joint venture will combine Barings' expertise in real estate debt with Mubadala's global investment platform to offer innovative credit solutions in the US, Europe, and Asia-Pacific.

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The partnership aims to diversify Mubadala's real estate debt portfolio and strengthen Barings' position as one of the world's largest real estate investment managers.

It will also leverage Barings' $30 billion in real estate debt assets, strong track record, and global presence.

Omar Eraiqaat, Deputy CEO, Credit and Special Situations at Mubadala, expressed excitement over their deal with Barings and said that "their impressive track record, robust origination, and strong portfolio management capabilities complement Mubadala's existing investment strategy."

Mike Freno, Chairman & CEO, Barings, also noted, "By combining Barings' decades of experience in credit markets with Mubadala's world-class investment platform, we are forging a powerful alliance built on collaboration and shared vision."

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Khaleej Times

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