KKR, Mubadala to jointly invest USD1bn in Asia

Buyout major KKR & Co and Abu Dhabi state fund Mubadala Investment Co have entered into an agreement to invest about USD1bn in Asia. The deal would see the two firms investing across performing private credit opportunities in the Asia-Pacific region. Mubadala, which manages USD243bn in assets, said in a joint statement it would deploy its capital alongside KKR’s existing pools of capital, including capital from the KKR Asia Credit Opportunities Fund, a USD1.1bn credit investment vehicle KKR closed in May. Omar Eraiqaat, co-head of credit investments at Mubadala, said in the statement that expanding into the Asia-Pacific region is a core pillar of their strategy as this market presents unique credit investment opportunities, driven by its rapid growth and high demand for non-bank capital.