Mubadala Capital announced the completion of the transfer of Mubadala Investment Company’s credit business into its platform. Under a long-term management agreement, Mubadala Capital will now manage Mubadala’s existing $25 billion credit portfolio.
The transfer opens the credit platform to third-party capital investors for the first time. Mubadala is also committing $4.65 billion in incremental capital to support the continued growth of the business.
The integration marks another step in Mubadala Capital’s evolution from a single-product private equity platform into a diversified global alternative asset manager. The firm now operates across institutions, insurance, and private wealth.
Mubadala Capital launched its third-party capital platform in 2017 and became an independent subsidiary of Mubadala Investment Company in 2021. Since then, the firm has completed several landmark transactions, including the acquisition of CI Financial in 2025 and GP partnerships with Silver Rock Financial, Aldar Capital, and Aquarian.
Mubadala Capital said its assets under management, advisory, and administration have grown from $20 billion in 2022 to more than $600 billion today. The firm’s wholly owned core alternatives businesses manage and invest more than $60 billion across private equity, special opportunities, credit, secondaries, venture capital, solutions, and co-investment platforms.
His Excellency Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala, has joined the board of Mubadala Capital as Chairman. Waleed Al Mokarrab Al Muhairi will continue to serve on the board as Vice Chairman.
Mubadala began investing in private debt in 2009. Since then, the credit business has grown into a $25 billion portfolio investing alongside 14 origination partners across direct lending, real estate and infrastructure debt, secondaries and NAV financing, technology private credit, and Asia private credit.
More than 25 investment professionals have transitioned to Mubadala Capital as part of the integration. The team will continue operating under the investment philosophy, partnership model, and leadership approach that has defined the business since its inception.
The credit business will be led by Omar Eraiqat, who joins Mubadala Capital as Senior Partner and President and Chief Investment Officer, Credit and Solutions. Fabrizio Bocciardi also joins as Senior Partner and Head of Credit.
Mubadala Capital is a global alternative asset management platform with more than 250 professionals across Abu Dhabi, London, New York, Rio de Janeiro, and San Francisco. The firm serves institutional and private investors seeking differentiated risk-adjusted returns across private markets.
KEY QUOTES:
“This is a defining moment for Mubadala Capital. Over the years, the Credit business has built something unique – a consistent investment philosophy, a world-class team that has performed through multiple market cycles, and carefully cultivated partnerships. For our partners, that continuity is unchanged. What changes is the scale of what we can now offer, and the foundation from which we continue to build. Mubadala’s commitment to this platform is reflected not only in His Excellency Khaldoon Khalifa Al Mubarak joining our Board as Chairman, but in the $4.65 billion of incremental capital Mubadala is committing to support the continued growth of the business. Together, these are powerful signals of conviction — in this asset class, in this platform, and in what we are building: a platform capable of connecting distinctive pools of capital with best-in-class opportunities across asset classes, geographies, and partnership models.”
Hani Barhoush, Managing Director and CEO of Mubadala Capital
“The Credit business was incubated and built inside Mubadala Capital. This transfer, in many ways, brings it back to where it all began. Our origination partners have been with us through every stage of that journey. The relationships, the investment process, the team – all of it remains intact. This integration gives us a platform purpose-built to take this business to its next stage.”
Omar Eraiqat, President and Chief Investment Officer, Credit and Solutions at Mubadala Capital