ABU DHABI, United Arab Emirates — July 6, 2026
Executive Summary
Mubadala Capital has completed the integration of Mubadala Investment Company’s Credit business into its alternative asset management platform. Under a long-term management agreement, the firm will oversee an existing $25 billion credit portfolio while opening the strategy to third-party investors for the first time. Mubadala is also committing $4.65 billion in additional capital to support continued expansion, alongside new board leadership and an enlarged credit investment team.
Announcement Overview
Mubadala Capital announced the completion of a strategic integration that brings Mubadala Investment Company’s Credit business fully under its platform. The transaction combines an established $25 billion private credit portfolio, additional institutional capital, experienced investment professionals, and long-standing origination partnerships within Mubadala Capital’s broader alternative asset management business. The integration also introduces access for external investors for the first time while strengthening the firm’s credit capabilities through new leadership appointments and continued backing from Mubadala.
Key Announcement Details
- Announcement Type: Credit business integration and platform expansion
- Company: Mubadala Capital
- Parent Organization: Mubadala Investment Company
- Announcement Date: July 6, 2026
- Portfolio Under Management: $25 billion existing credit portfolio
- Additional Capital Commitment: $4.65 billion
- Management Structure: Mubadala Capital assumes management of Mubadala’s Credit business under a long-term management agreement
- Third-Party Investor Access: Platform opened to third-party investors for the first time
- Board Appointment: His Excellency Khaldoon Khalifa Al Mubarak appointed Chairman of the Mubadala Capital Board
- Vice Chairman: Waleed Al Mokarrab Al Muhairi continues as Vice Chairman
- Credit Platform Leadership: Omar Eraiqat appointed Senior Partner and President and Chief Investment Officer, Credit and Solutions
- Head of Credit: Fabrizio Bocciardi appointed Senior Partner and Head of Credit
- Investment Team Transition: More than 25 investment professionals joined Mubadala Capital through the integration
- Origination Network: Investments sourced alongside 14 origination partners
- Investment Focus: Direct lending, real estate debt, infrastructure debt, secondaries, NAV financing, technology private credit, and Asia private credit
- Strategic Objective: Expand Mubadala Capital’s diversified global alternative asset management platform while strengthening its credit investment capabilities
- Platform Continuity: Existing investment philosophy, partnership model, leadership, and investment process remain unchanged following the integration
Completion of the Credit Business Integration
Mubadala Capital announced that it has finalized the transfer of Mubadala Investment Company’s Credit business into its platform.
Under the long-term management arrangement, Mubadala Capital will assume responsibility for managing Mubadala’s existing $25 billion credit portfolio while expanding the platform to accept third-party capital for the first time.
According to the company, the transaction represents another milestone in the continued development of its global alternative asset management platform.
Key highlights include:
- Completion of the Credit business integration
- Management of an existing $25 billion credit portfolio
- Opening the platform to third-party investors
- Long-term management agreement with Mubadala
- Additional capital commitment of $4.65 billion
Mubadala Commits Additional Capital
Alongside the integration, Mubadala announced an additional $4.65 billion capital commitment to support future growth of the credit platform.
According to the announcement, the additional capital reinforces Mubadala’s continued long-term commitment to both Mubadala Capital and the broader credit asset class.
The company stated that the commitment is intended to strengthen the platform as it expands investment capabilities while supporting future growth initiatives.
Platform Evolution
According to Mubadala Capital, the transfer reflects another stage in the firm’s development as a diversified global alternative asset manager.
The company noted that its platform has evolved significantly over recent years.
Milestones highlighted in the announcement include:
- Launch of its third-party capital platform in 2017
- Establishment as an independent subsidiary of Mubadala Investment Company in 2021
- Acquisition of CI Financial in 2025
- Strategic GP partnerships including:
- Silver Rock Financial
- Aldar Capital
- Aquarian
The company also stated that assets under management, advisory and administration have expanded from $20 billion in 2022 to more than $600 billion today.
Board Leadership Changes
The integration also includes changes to the company’s Board.
According to the announcement:
- His Excellency Khaldoon Khalifa Al Mubarak, Managing Director and Group Chief Executive Officer of Mubadala, joins the Mubadala Capital Board as Chairman.
- Waleed Al Mokarrab Al Muhairi continues to serve as Vice Chairman.
The company stated that these appointments further reinforce Mubadala’s long-term support for the business.
Company Commentary
Hani Barhoush, Managing Director and Chief Executive Officer of Mubadala Capital, said:
“This is a defining moment for Mubadala Capital.”
He further stated:
“What changes is the scale of what we can now offer, and the foundation from which we continue to build.”
Commenting on Mubadala’s continued support, Barhoush added:
“Together, these are powerful signals of conviction — in this asset class, in this platform, and in what we are building.”
According to the company, the integration strengthens Mubadala Capital’s ability to connect institutional capital with investment opportunities across multiple asset classes, geographies and partnership models.
Third-Party Investor Access
The completed integration also introduces access to Mubadala’s established credit platform for external investors.
According to the company, third-party investors will now be able to access:
- An established private credit platform
- Long-standing investment relationships
- Existing investment processes
- A developed origination network
- An established investment track record
The company stated that this is the first time the platform has been made available to outside capital partners.
Credit Platform Overview
According to the announcement, Mubadala has invested in private debt since 2009.
Over that period, the Credit business has expanded into a $25 billion portfolio investing across multiple private credit strategies.
Areas of investment include:
- Direct lending
- Real estate debt
- Infrastructure debt
- Secondaries
- NAV financing
- Technology private credit
- Asia private credit
The platform also invests alongside 14 origination partners.
Investment Team Integration
The company stated that more than 25 investment professionals have transitioned into Mubadala Capital as part of the completed integration.
According to the announcement, the business will continue operating under:
- The existing investment philosophy
- Established leadership
- Long-standing partnership model
- Existing investment process
Leadership of the business includes:
- Omar Eraiqat — Senior Partner and President and Chief Investment Officer, Credit and Solutions
- Fabrizio Bocciardi — Senior Partner and Head of Credit
Leadership Perspective
Omar Eraiqat, President and Chief Investment Officer, Credit and Solutions at Mubadala Capital, said:
“The Credit business was incubated and built inside Mubadala Capital.”
He also stated:
“The relationships, the investment process, the team – all of it remains intact.”
Regarding the next stage of development, Eraiqat added:
“This integration gives us a platform purpose-built to take this business to its next stage.”
According to the company, maintaining continuity across investment philosophy, relationships and operational execution remains a central objective following completion of the integration.
Strategic Context
The completed transfer expands Mubadala Capital’s capabilities across private markets while bringing together capital, investment expertise and institutional infrastructure within a single platform.
According to the announcement, the combination supports the firm’s strategy of operating across institutional, insurance and private wealth channels while broadening access to its established credit capabilities.
The company also stated that the integration strengthens its diversified alternative asset management platform by combining sovereign backing with investment management expertise across multiple asset classes and geographic markets.
About Mubadala Capital
Mubadala Capital is a global alternative asset management platform that manages, advises and administers more than $600 billion in assets through wholly owned businesses and strategic partnerships. As a subsidiary of Mubadala Investment Company, the firm combines sovereign ownership with an investment management platform serving institutional and private investors. Its wholly owned alternative investment businesses manage more than $60 billion across private equity, credit, venture capital, secondaries, special opportunities, solutions and co-investment strategies. Mubadala Capital also maintains strategic businesses and partnerships spanning private wealth, public credit, insurance and real estate. The firm employs more than 250 professionals across offices in Abu Dhabi, London, New York, Rio de Janeiro and San Francisco.
Media Contact
For additional information, visit mubadalacapital.ae.
Source Attribution
Source: Company announcement
