Blackstone Goes Through Sovereign Wealth Entity to Reach High Net Worth UAE Investors

Posted on 10/24/2023

Abu Dhabi Investment Company (Invest AD) is a wholly-owned subsidiary of Mubadala Investment Company. Abu Dhabi Investment Company is part of the Abu Dhabi Investment Council. Mubadala eventually absorbed Abu Dhabi Investment Council.

Invest AD disclosed the launch of the Invest AD Blackstone Private Debt Fund allowing investors in the United Arab Emirates to access to Blackstone’s U.S. and European private credit strategies.

Invest AD Blackstone Private Debt Fund is SCA regulated. Invest AD Blackstone Private Debt Fund claims to be the first global private credit fund of funds vehicle for professional investors in the UAE, a statement said. Blackstone Credit’s income-oriented private credit strategies invest primarily in the senior secured debt of large private US and European companies, focusing primarily in senior secured and floating-rate loans.

The feeder brings Blackstone’s institutional-caliber credit platform to qualified non-U.S. investors, primarily in the UAE. The launch broadens access to an asset class that has historically only been primarily accessible to institutional investors.

Keywords: Blackstone Group LP.

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