Real Estate Bet
Mubadala, Ares Partner on $1 Billion Private Credit Real Estate Fund
- Abu Dhabi’s Aldar Properties will also be involved in fund
- Sovereign wealth funds have been muscling into private credit
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Mubadala Investment Co. and Ares Management Corp. said they will partner with Aldar Properties on a $1 billion private credit fund to invest in real estate across the UK and Europe.
Mubadala will hold a 50% stake in the new platform, while Aldar will have a 30% holding, according to a statement. Ares will own the remaining 20% and it will provide an investment team to manage deal origination and monitor the portfolio.