UAE – Mubasher: Mubadala Investment Company and AlpInvest Partners, a leading global private equity investor and a subsidiary of Carlyle, developed a new portfolio senior fund financing partnership.
The credit co-investment partnership aims to provide portfolio senior fund financing on a global basis, according to a press release.
The collaboration boosts AlpInvest’s portfolio finance strategy, launched in 2018, and expands its ability to deliver efficient support to private equity managers.
AlpInvest has led around $4 billion in portfolio fund financing transactions, establishing itself as an early leader in the sector.
Meanwhile, the UAE-based company scaled its credit investment strategy into senior loans against the value of fund portfolios. This is an extension into a fast-growing private debt segment that complements its existing co-investment partnerships in direct lending, credit secondaries, real estate debt, infrastructure and technology financing.
Michael Hacker, Global Head of Portfolio Finance at AlpInvest, said: “This new partnership with Mubadala aligns with AlpInvest’s vision of creating transformative financing support for private equity funds as they continue to drive value for their limited partners.”
“This is a key milestone for our Secondaries and Portfolio Finance platform and an exciting step forward in expanding our reach and capacity to meet the evolving needs of our partners within the private equity community,” Hacker added.
In February 2024, Mubadala inked a $1 billion credit partnership with Goldman Sachs to co-invest in the Asia Pacific region.
