Mubadala Capital entered into a strategic partnership with Silver Rock Financial, a credit asset manager with more than US$10 billion in assets under management.

Under this agreement, Mubadala Capital will acquire a 42% stake in Silver Rock through a combination of cash and stock, with an option to increase ownership to 50% over time.

The partnership enhances Mubadala Capital’s position in the credit sector while providing Silver Rock with access to Mubadala Capital’s global network, operational expertise, and capital base. As part of the agreement, Mubadala Capital intends to commit more than US$1 billion to Silver Rock funds, further underscoring confidence in the firm’s investment strategies.

This transaction also marks the first time Mubadala Capital has welcomed external shareholders into its alternative asset management business. Through the stock component of the deal, three new equity owners will join Mubadala Capital’s platform, including Silver Rock’s CEO and CIO Carl Meyer; Co-Founder Michael Haberkorn; and M-Cor Capital, the investment arm of the Milken Family Office.

For Mubadala, this partnership represents a key step in expanding its asset management capabilities, reinforcing its commitment to building long-term relationships that deliver differentiated returns and access to specialized expertise across private credit markets.