"swap" and"Barings" They launch a $500 million global partnership to invest in real estate debt
Abu Dhabi, December 15 / WAM / Mubadala Investment Company “Mubadala”, the sovereign investment company in Abu Dhabi, and “Barings” announced; One of the world’s leading investment management companies and a subsidiary of Mass Mutual, announced the launch of a new global partnership in the field of real estate debt worth US$500 million.
Under this partnership, Mubadala will invest with MAS Mutual, while Barings will be the entity responsible for managing the joint venture.
The joint venture will combine Barings’ extensive experience in real estate debt with Mubadala’s global investment platform, with the aim of providing innovative credit solutions in the US, European and Asia-Pacific markets.
This partnership, which is an extension of the established strategic relationship between Mubadala and Barings, aims to enhance Mubadala’s diversified portfolio in the field of real estate debt, in addition to consolidating Barings’ position as one of the largest global companies specialized in managing diversified real estate investments.
The new partnership will focus on investing in senior real estate loans and subordinated real estate loans across various real estate asset classes. The joint venture will benefit from the opportunities offered by the Barings platform, which manages real estate debt assets worth more than $30 billion, in addition to its strong performance record and global reach.
Omar Erekat, Executive Vice President of the Credit Investments and Special Situations Sector at Mubadala, stressed the importance of expanding Mubadala Investment’s partnership with (Mass Mutual) and (Barings) through the launch of this new joint project. He said that the strong and proven track record of the partners, and their distinguished capabilities in innovating deals and managing investment portfolios, are all factors that enhance Mubadala’s current investment strategy and enable us to access more high-quality opportunities in the global real estate credit markets. Through this cooperation, we see that together we are in an ideal position to seize new investment opportunities and provide innovative financing solutions that achieve strong and sustainable value for the partners.
In turn, Mike Freno, Chairman of the Board of Directors and CEO of Barings, stressed the importance of strengthening the partnership with Mubadala through this vital project. He said that by combining the deep experience that Barings has over decades in the credit markets and Mubadala’s high-level global investment platform, we are establishing a strong alliance based on cooperation and a shared vision. This joint effort puts us in a position that allows us to provide innovative financing solutions across the most important global regions, and seize opportunities resulting from market transformations. We are confident that this cooperation will enable us to achieve value. Sustainable and long-term for our customers and partners in this project.
This partnership comes at a time of great momentum in global real estate markets, driven by banks’ decline in lending, rising refinancing requirements, and increased demand for private credit.
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