Hamad Al Ameri, Alpha Dhabi group's chief executive, says the expanded partnership with Mubadala reflects conviction in private credit as a strategic pillar of investments. Photo: WamShow caption: Hamad Al Ameri, Alpha Dhabi group's chief executive, says th…Abu Dhabi-listed company boosts its shareholding in Micad Credit to 40 per cent
Alpha Dhabi has doubled its capital commitment in its private credit joint venture with Mubadala Investment Company to $1 billion.
The investment holding conglomerate has raised its shareholding in MICAD Credit JV from 20 per cent to 40 per cent.
MICAD, managed by Mubadala Capital, oversees approximately $1.7 billion in assets across 45 portfolio companies since its 2023 inception.
Morgan Stanley expects the private credit market could reach $5 trillion by 2029, though the sector faces scrutiny following high-profile US bankruptcies.
