REUTERS: KKR & Co. and Abu Dhabi state fund Mubadala Investment Co. said they had entered into an agreement to invest about $1 billion in Asia.
The agreement, announced on Sunday, will see the two firms investing across performing private credit opportunities in the Asia Pacific region.
Mubadala, which manages $243 billion in assets, said in a joint statement it would deploy its capital alongside KKR’s existing pools of capital, including capital from the KKR Asia Credit Opportunities Fund, a $1.1 billion credit investment vehicle KKR closed in May.
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