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Goldman Sachs and Abu Dhabi's Mubadala ink $1 billion partnership to invest in Asia Pacific

·1 min

Goldman Sachs and a sovereign wealth fund in Abu Dhabi have signed a private credit partnership worth $1 billion. The agreement aims to co-invest in the Asia-Pacific region, with a specific focus on India. The collaboration, called the “Partnership,” will be managed by Private Credit at Goldman Sachs Alternatives, and will invest in high-quality companies across various markets in the Asia-Pacific region. This partnership comes after Goldman Sachs expanded in the Middle East with the opening of its office in Abu Dhabi Global Market, the financial center of the United Arab Emirates capital. The UAE and other Gulf states have been increasing their economic presence in India, which is projected to be the fastest-growing G20 economy for the 2023-24 fiscal year. The UAE has set a target to invest $75 billion in India, while Saudi Arabia has set a target of $100 billion.