Alpha Dhabi, a business conglomerate and Mubadala, a private equity firm, agreed to form a joint venture, in a $2.5bn deal. “We have continued to assess the private credit market asset class recently with a keen interest, particularly given the current global market environment. We are proud to partner with Mubadala and Apollo – both of which are renowned in this space – to address the global market need for alternative forms of liquidity and credit. The asset class provides further diversification to our portfolio and attractive risk adjusted returns," Hamad Salem Al Ameri, Alpha Dhabi CEO and Managing Director.