Mubadala Investment Company has teamed up with MassMutual to launch a US$500m (β¬426m) global real estate debt partnership, which will be managed by MassMutual subsidiary .
The new partnership will focus on investing in senior and subordinated real estate loans across real estate asset classes.
βThis partnership, which builds upon a long-standing strategic relationship between Mubadala and Barings, aims to further diversify Mubadalaβs real estate debt portfolio and strengthen Baringsβ position as one of the worldβs largest diversified real estate investment managers,β said Mubadala.
Omar Eraiqaat, deputy CEO, credit and special situations at Mubadala, said: βWe are excited to grow our relationship with MassMutual and Barings with the launch of this new joint venture.
βTheir impressive track record, robust origination, and strong portfolio management capabilities complement Mubadalaβs existing investment strategy and enable us to further access high-quality opportunities in global real estate credit markets.β
Mike Freno, chairman & CEO, Barings, said: βBy combining Baringsβ decades of experience in credit markets with Mubadalaβs world-class investment platform, we are forging a powerful alliance built on collaboration and shared vision.
βThis joint effort positions us to deliver innovative financing solutions across key global regions and seize the opportunities created by market dislocation. Together, we are excited to create resilient, long-term value for our clients and stakeholders.β
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