AlpInvest Partners and Mubadala establish global credit co-investment partnership
Deal News | Dec 11, 2024 | Zawya
AlpInvest Partners, a subsidiary of Carlyle, and Mubadala Investment Company, a sovereign investor based in Abu Dhabi, have announced a new credit co-investment partnership. This partnership aims to provide portfolio senior fund financing on a global scale and marks a significant development in AlpInvest's portfolio finance strategy initiated in 2018. AlpInvest has already been an industry leader, spearheading approximately $4 billion in transactions in this sector. The partnership is expected to enhance AlpInvest's ability to assist private equity managers in driving value in their funds, while Mubadala will expand its credit investment strategy into the senior loans space as an extension into the private debt segment. This strategic collaboration aligns with recent guidelines by the Institutional Limited Partners Association (ILPA) and aims to support long-term value optimization within the funds they lend to. The partnership has already made its first investment.
Sectors
- Private Equity
- Financial Services
- Investment Management
Geography
- United States – AlpInvest Partners is based in New York, and the strategic partnership involves global financing operations with significant U.S involvement.
- United Arab Emirates – Mubadala Investment Company is a sovereign investor from Abu Dhabi, UAE, showing substantial involvement from this region.
Industry
- Private Equity – The article discusses a joint initiative between AlpInvest, a subsidiary of Carlyle involved in private equity investments, and Mubadala in providing financing solutions for private equity funds.
- Financial Services – Both AlpInvest and Mubadala are engaging in a financial services transaction involving portfolio fund financing, a strategic development in the financial services industry.
- Investment Management – Mubadala's extensive global investment portfolio and its strategic initiatives align with the article's focus on advancing investment management strategies.
Financials
- $4 billion – The amount attributed to the transactions in portfolio fund financing spearheaded by AlpInvest since its strategy launched in 2018.
- $302 billion – The global portfolio managed by Mubadala Investment Company across multiple sectors and asset classes.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AlpInvest Partners | Co-investor | Company | A subsidiary of Carlyle, a global private equity investor involved in portfolio fund financing and other private equity transactions. |
| Mubadala Investment Company | Co-investor | Company | A global sovereign investor based in Abu Dhabi, involved in various investment sectors, now expanding into senior loans in the private debt sector. |
| Carlyle (NASDAQ: CG) | Parent Company | Company | The parent company of AlpInvest, a major player in the global financial markets and private equity investments. |
| Institutional Limited Partners Association (ILPA) | Guideline Provider | Other | An organization providing recent guidelines that have been endorsed by both AlpInvest and Mubadala in their strategic partnership. |