Mubadala Capital has announced the integration and opening of Mubadala Investment Company's $25 billion credit business to external investors. This move, finalized on July 6, 2026, allows third parties to invest in a credit strategy that Mubadala had been cultivating since 2009. The existing $25 billion portfolio, now managed by Mubadala Capital under a long-term agreement, encompasses investments in direct lending, real estate and infrastructure debt, secondaries and NAV financing, and technology and Asia private credit, alongside 14 origination partners.
In a significant show of commitment, Mubadala Investment Company is contributing an additional $4.65 billion in capital to fuel the continued expansion of the business. This integration boosts Mubadala Capital's assets under management, advisory, and administration to over $600 billion, a substantial increase from $20 billion in 2022. The firm's core alternative businesses now manage more than $60 billion across various platforms including private equity, special opportunities, credit, secondaries, venture capital, solutions, and co-investments.
The credit business will now 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. More than 25 investment professionals from the original Mubadala credit team have transitioned to Mubadala Capital to maintain continuity and leverage their established investment philosophy and partnership model. The sovereign wealth fund's decision to open its credit operations to outside investors is a strategic move, allowing it to scale its influence in global lending markets and engage in larger deals without over-concentrating risk, while also building relationships with institutional investors like pension funds and endowments.
Mubadala Capital launched its third-party capital platform in 2017 and became an independent subsidiary of Mubadala Investment Company in 2021. This latest integration marks another step in its evolution from a single-product private equity platform to a diversified global alternative asset manager. Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala, will chair Mubadala Capital's board, further underscoring the parent company's commitment.
Previous milestones for Mubadala Capital in building its private credit infrastructure include the acquisition of a 42% stake in Silver Rock Financial LP in December 2024, a $1 billion partnership with Fortress Investment Group for private credit and asset-based lending in April 2025, and the closure of a $550 million co-investment fund in January 2026, specifically targeting credit deals in North America and Europe, which successfully exceeded its fundraising target.
