Abu Dhabi: Alpha Dhabi Holding and Mubadala Investment Company (Mubadala) announced through their joint venture the acquisition of the European direct lending portfolio managed by Apollo Global Management (Apollo). Apollo will continue to manage and develop the portfolio post-acquisition. The joint venture, established in 2023, has focused on allocating and deploying capital into promising credit opportunities. The portfolio's value is $1 billion, bringing the joint venture's total assets to $1.6 billion. Hamad Al Amery called this a crucial step for the project's journey, while Omar Araqat stated it strengthens their strategy to build a strong credit platform.
