Mubadala Investment Company (Mubadala), a global sovereign investor headquartered in Abu Dhabi, has announced the formation of a strategic partnership with Blue Owl Capital (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager. The partnership involves a $1 billion commitment to Blue Owl’s Credit platform and will initially concentrate on its Technology Lending strategy, which offers financing solutions for a wide range of technology and software companies.
Doug Ostrover, Co-Chief Executive Officer of Blue Owl, stated, “We are delighted to establish a strategic partnership with a distinguished and high-performing investor such as Mubadala. This mandate reflects the depth of our direct lending capabilities within the technology sector and our ability to provide unique solutions that enable our clients to achieve their investment objectives. We anticipate a long and fruitful partnership with Mubadala as we collaborate to generate value across our strategy.”
Fabrizio Bocciardi, Head of Credit Investments at Mubadala, added, “We are extremely pleased to partner with Blue Owl as we expand our credit investment strategy into technology lending. Private credit has become an essential component of the financing solutions available to support corporate growth, and there is a growing demand for debt capital from well-established and high-growth software and technology businesses, which typically have leading market positions, resilient customer bases, and strong financial fundamentals. As a leader in the technology lending space, Blue Owl is well-positioned to capitalize on both current and future opportunities. We look forward to collaborating with the Blue Owl team to realize the significant benefits of this partnership.”
Since 2009, Mubadala’s Credit Investments unit has been investing in private debt opportunities, with a focus on direct lending to middle market and large cap companies across a variety of industries and asset classes. Geographically, the unit’s focus has primarily been on North America and Europe.but has recently been strengthening its exposure in the rapidly growing Asia Pacific credit market.