Mubadala Backs Private Credit Bets After Plowing in $20 Billion

Abu Dhabi’s Mubadala Investment Co., one of the region’s most prolific private credit players with a $20 billion portfolio, said its bets were holding up well and batted away concerns over structural issues within the sector.

“I don’t see anything structurally, as long as you diversify well, build the right type of diversified portfolio,” Waleed Al Mokarrab Al Muhairi, Mubadala’s deputy group chief executive officer, said at the Milken conference in Abu Dhabi on Thursday. “It’s about construction right now and managing risk, as opposed to saying this asset class is going to perform well or not.”