Barclays, AGL Launch Private Credit Partnership Backed by ADIA
- AGL will have exclusive access to Barclays deal pipeline
- ADIA committed $1 billion to AGL’s first private credit fund
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Barclays Plc and AGL Credit Management have teamed up to make a push into the burgeoning $1.7 trillion private credit market with backing from the Abu Dhabi Investment Authority.
The two firms have entered into a cooperation agreement to originate private credit loans that will give AGL exclusive access to Barclays’ deal flow. AGL will have a first look on every deal Barclays originates that includes a private credit option but no obligation to participate.