Alpha Dhabi lifts MICAD commitment to $1 billion
Arabian Post Staff -Dubai Alpha Dhabi Holding has doubled its capital commitment to the Mubadala Capital-managed MICAD Credit joint venture to $1 billion and raised its ownership stake to 40 per cent from 20 per cent, expanding its exposure to global private credit. The Abu Dhabi Securities Exchange-listed investment group said the revised partnership agreement also broadens MICAD Credit JV’s…
Alpha Dhabi, an Abu Dhabi-based investment group listed on the Dubai stock exchange, has significantly increased its investment in the Mubadala Capital-managed MICAD Credit joint venture, raising its capital commitment to $1 billion and expanding its ownership stake to 40 percent from 20 percent. This move positions Alpha Dhabi to access a broader range of high-quality global private credit opportunities, as stated by Hamad Salem Al Ameri, the managing director and group chief executive of Alpha Dhabi Holding.
The revised partnership agreement broadens MICAD Credit JV's mandate beyond its existing US and European direct-lending activities, allowing it to pursue additional private credit strategies through Mubadala Capital's established relationships with investment partners and market participants. Currently, the venture manages around $1.7 billion in assets across 45 portfolio companies.
The enhanced commitment reflects Alpha Dhabi's confidence in private credit as a strategic pillar of its investment portfolio, providing a strong foundation for further deployment given the platform's existing $1.7 billion in assets.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
