Mubadala Investment Company has teamed up with MassMutual to launch a US$500m (€426m) global real estate debt partnership, which will be managed by MassMutual subsidiary Barings.
The new partnership will focus on investing in senior and subordinated real estate loans across real estate asset classes.
“This partnership, which builds upon a long-standing strategic relationship between Mubadala and Barings, aims to further diversify Mubadala’s real estate debt portfolio and strengthen Barings’ position as one of the world’s largest diversified real estate investment managers,” said Mubadala.
Omar Eraiqaat, deputy CEO, credit and special situations at Mubadala, said: “We are excited to grow our relationship with MassMutual and Barings with the launch of this new joint venture.
“Their impressive track record, robust origination, and strong portfolio management capabilities complement Mubadala’s existing investment strategy and enable us to further access high-quality opportunities in global real estate credit markets.”
Mike Freno, chairman & CEO, Barings, said: “By combining Barings’ decades of experience in credit markets with Mubadala’s world-class investment platform, we are forging a powerful alliance built on collaboration and shared vision.
“This 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.”
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