UAE - Mubasher: Abu Dhabi Catalyst Partners (ADCP), a joint venture between Mubadala Investment Company and New York-based Falcon Edge Capital, has partnered with the emerging market private credit company Ruya Partners Limited.

The partnership reflects Abu Dhabi Catalyst Partners’ commitment to improving the finance ecosystem in the UAE and enabling small and medium-sized enterprises (SMEs) to have access to growth capital, according to a press release on Tuesday.

Founded in 2020, Ruya is the region’s first partner-owned private credit company aiming to provide private capital and alternative financing solutions to private companies.

The CEO of Abu Dhabi Catalyst Partners, James Munce, said: "This partnership is an important step in advancing SMEs’ access to growth capital, especially the mid-market segment Ruya is focused on. Ruya’s alternative credit offering will help overcome a material funding gap in MENA markets, play a significant role in growing the SME ecosystem and further promote access to institutional capital."

Meanwhile, the Partner of Ruya, Omar Al Yawer, commented: "Being a partner-owned firm is unique for this region and ensures the highest level of team stability, transparency, and alignment of interest between partners and investors in creating long-term value."