Mubadala Capital, the alternative asset management arm of Mubadala Investment Company, has formed a strategic partnership with Silver Rock Financial, a credit asset manager overseeing more than $10bn in assets.
The partnership involves Mubadala Capital acquiring a 42% stake in Silver Rock Financial through a mix of cash and stock, with an option to increase its ownership to 50% over time.
This collaboration aims to expand Mubadala Capital’s footprint in the credit sector while giving Silver Rock access to Mubadala’s global network, resources, and capital base. Mubadala has also committed to investing over $1bn into Silver Rock funds, signalling strong confidence in Silver Rock’s credit strategies and performance.
As part of the deal, Mubadala Capital welcomes its first external shareholders: Carl Meyer, CEO and CIO of Silver Rock Financial; Michael Haberkorn, Co-Founder and Co-Portfolio Manager of Silver Rock; and M-Cor Capital, the investment arm of the Milken Family Office.
The deal reflects Mubadala Capital’s focus on diversifying and expanding its asset management offerings.
“We are thrilled to partner with Silver Rock, a firm that shares our vision of delivering tailored, innovative, and scalable solutions globally,” said Hani Barhoush, CEO of Mubadala Capital. “This milestone aligns with our evolution as a global alternative asset manager and reinforces our commitment to building partnerships that drive long-term value.”
Despite the collaboration, both Mubadala Capital and Silver Rock Financial will retain their independent governance structures to ensure continuity in operations and management of client relationships.
The transaction, expected to close by Q2 2025, remains subject to regulatory approvals.
