Golub Capital opens office in Abu Dhabi, joining firms expanding in region

From Investing.com: 2024-12-09 03:05:19

Golub Capital is opening an office in Abu Dhabi, joining firms expanding in the region. ADGM approved their license, with Naser Almutairi as managing director. Abu Dhabi Finance Week kicked off, with the emirate aiming to diversify its economy and become a global hub like Dubai’s DIFC. ADGM’s assets under management hit $157.2 billion by June, attracting firms like BlackRock and Brevan Howard.

Private credit is growing, with the asset class expected to reach $2.6 trillion by 2029. BlackRock is investing $12 billion in HPS Investment Partners. Gulf sovereign wealth funds like Mubadala are also expanding in private credit, with partnerships with Apollo and Goldman Sachs. Mubadala recently bought a 42% stake in Silver Rock Financial.



Read more at Investing.com: US private credit firm Golub Capital to set up base in Abu Dhabi By Reuters