Mubadala announces $1bn investment in Blue Owl Capital

The partnership was established with a $1bn commitment to Blue Owl’s Credit platform and will initially focus on its Technology Lending strategy, which provides financing solutions for a broad range of technology and software companies.

Doug Ostrover, Co-Chief Executive Officer of Blue Owl, said: “We are proud to form a strategic partnership with a high-performing and renowned investor such as Mubadala.

Mubadala invests in Blue Owl Capital

“This mandate reflects the depth of our direct lending capabilities within the technology sector and our ability to deliver differentiated solutions that enable our clients to meet their investment objectives.

“We look forward to a long and successful partnership with Mubadala as we work together to drive value across our strategy.”

Fabrizio Bocciardi, Head of Credit Investments at Mubadala, said: “We are very pleased to partner with Blue Owl as we expand our credit investment strategy into technology lending.

“Private credit has become an integral part of the financing solutions available to support corporate growth and there is an increasing demand for debt capital from well-established and high-growth software and technology businesses, which typically have leading market positions, resilient customer base and strong financial fundamentals.

“As a leader in the technology lending space, Blue Owl is well-positioned to capitalise on both current and future opportunities. We look forward to working with the Blue Owl team to realise the significant benefits of this partnership.”

Since 2009, Mubadala’s Credit Investments unit has been investing in private debt opportunities, with a focus on direct lending to middle market and large cap companies across a variety of industries and asset classes.

Geographically, the unit’s focus has primarily been on North America and Europe, but has recently been strengthening its exposure in the rapidly growing Asia Pacific credit market.