Abu Dhabi – Mubasher: Alpha Dhabi Holding and Mubadala Investment’s joint venture (JV) has acquired a European Direct Lending portfolio managed by Apollo Global Management, according to a press release.

Since its establishment in 2023, the JV has focused on deploying capital into compelling credit opportunities in sectors and geographies that offer attractive risk-adjusted returns.

The European Direct Lending portfolio offers new positions in consumer services and goods, in addition to exposure in healthcare, high technology, business services, and financial services.

Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, highlighted: “This acquisition represents a transformative step forward for our joint venture, expanding its exposure to some of the world’s most dynamic markets across sectors driving the economy of the future.”

“As part of its long-term strategy, this value-driven acquisition reinforces the core ambition of the joint venture: to deliver superior risk-adjusted returns while maintaining a disciplined approach to credit investing,” Al Ameri mentioned.

Omar Eraiqaat, Deputy CEO of Credit and Special Situations at Mubadala, said: “The acquisition of a European Direct Lending portfolio marks a significant milestone for our joint venture with Alpha Dhabi as it advances our strategy to build a resilient, scaled credit platform across the UK and Europe, and reinforces our commitment to disciplined deployment.”

Jim Vanek, Partner and Co-Head of Global Performing Credit at Apollo, commented: “We continue to see attractive risk-adjusted credit opportunities and a growing, structural need for private capital in Europe.”

As of September 2025, the combined entity’s portfolio has surged to around $1 billion in assets across 24 obligors.

The addition of Apollo EDL’s high-quality $600 million portfolio will increase the joint venture’s pro forma assets under management to nearly $1.60 billion across 39 obligors.

The acquisition also establishes a strong ongoing deal-flow pipeline, supporting deployment objectives as the firm advances toward its $2.50 billion commitment program.