Ares Management, Mubadala Investment form joint venture

Ares Management and Mubadala Investment Company announced the formation of a joint venture to invest in global credit secondaries opportunities. The joint venture, anchored by Mubadala, will initially aim to deploy approximately $1B as it seeks to capitalize on the anticipated growth and substantial demand from General and Limited Partners for customized liquidity solutions for the credit secondaries asset class. The joint venture is anticipated to scale alongside the growing market opportunity. The joint venture represents a key milestone for both organizations and will enhance Mubadala’s positioning within the secondaries credit market, while enabling Ares to significantly scale its offering. The newly established strategy is a natural extension of Ares’ leading Credit and Secondaries platforms, which respectively had approximately $214B and $22B of assets under management as of December 31, 2022. By leveraging Ares’ track record and Mubadala’s global footprint, the joint venture will benefit from access to a broader network, differentiated market intelligence, and new transaction opportunities.