Alpha Dhabi Holding and Mubadla, the sovereign wealth investment company of Abu Dhabi, have announced the acquisition of the European direct lending portfolio managed by Apollo Global Management. Apollo will continue to manage and develop the portfolio post-acquisition. The joint venture between Mubadla and Alpha Dhabi, established in 2023, has since focused on allocating and deploying capital into promising credit opportunities across sectors and markets that offer attractive risk-adjusted returns. The acquired Apollo portfolio adds new investments in the consumer goods and services sector, while also enhancing the presence in healthcare, advanced technologies, commercial, and financial services. Eng. Hamad Al Amiri, CEO of Alpha Dhabi Holding, stated that this acquisition represents a pivotal step that enhances the trajectory of their joint venture, expanding its presence in some of the world's most dynamic markets. The Apollo portfolio will complement existing assets, enhancing future growth and diversification opportunities. Omar Arikat, Executive Vice President of Credit Investments and Special Situations at Mubadla, noted that the acquisition marks a significant milestone in the joint venture's journey with Alpha Dhabi, reinforcing their strategy to build a robust and scalable credit platform in the UK and Europe. Jim Fannick, Partner and Co-Head of Performance Credit at Apollo, expressed pleasure in contributing to the transaction, highlighting a long-standing and successful partnership with Mubadla and Alpha Dhabi as they look to capitalize on the secured European direct lending opportunities. As of September 2025, the joint venture's portfolio has grown to approximately $1 billion across 24 counterparties. The addition of the Apollo portfolio, valued at $0.6 billion of high-quality assets, will bring the total assets to around $1.6 billion across 39 counterparties.
