(Reuters) – Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala have struck a $1 billion deal to sign a separately managed account in which the companies will jointly invest in private credit in the Asia-Pacific region, the companies said on Monday.
As part of the agreement, the companies will jointly invest in several markets in the Asia-Pacific region, with a particular focus on India.
“Diverse and fast-growing economies, as well as growing private equity deal volumes, are significantly driving demand in the Asia-Pacific region for tailored lending solutions from non-traditional lenders,” said Omar Eraiqat, Deputy CEO of Diversified Investments Mubadala. statement.
Mubadala aims to roughly double its presence in Asia as early as 2030, according to a media report last month, citing an interview with Camille Makapili Langille, the fund’s head of life sciences and healthcare investments.