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Mubadala makes $1bn commitment to Blue Owl Capital’s credit platform

Mubadala Investment Company, an Abu Dhabi-based sovereign wealth fund, has made a $1bn commitment to $150bn US-based alternative asset manager Blue Owl Capital’s credit platform under a new strategic partnership announced by the two companies on Monday.

Mubadala’s investment will be focused on Blue Owls’ Technology Lending strategy, which provides financing solutions for a broad range of technology and software companies, according to Fabrizio Bocciardi, Head of Credit Investments at the fund.

Since 2009, Mubadala’s Credit Investments unit has been investing in private debt opportunities, with a focus on direct lending to middle market and large cap companies across a variety of industries and asset classes. Geographically, the unit’s focus has primarily been on North America and Europe, but has recently been strengthening its exposure in the rapidly growing Asia Pacific credit market.

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