– Mubadala Capital acquires a 42% stake in credit asset manager Silver Rock Financial LP through a mix of cash and stock.
– Option to increase Mubadala Capital’s stake to 50% over time.
– Mubadala Capital to commit over $1 billion to Silver Rock funds.
– Enhance Mubadala Capital’s presence in the credit sector.
– Provide Silver Rock Financial access to Mubadala Capital’s global network, capital base, and expertise.
– Align with Mubadala Capital’s strategic focus on diversifying and expanding asset management capabilities.
– Mubadala Capital welcomes new equity owners:
– Carl Meyer, CEO and CIO of Silver Rock Financial.
– Michael Haberkorn, Co-Founder and Co-Portfolio Manager of Silver Rock Financial.
– M-Cor Capital, the investment arm of the Milken Family Office.
– First time Mubadala Capital has external shareholders in its alternative asset management business.
– Both firms to operate independently with separate governance structures.
– Silver Rock Financial retains autonomy under existing leadership, with Carl Meyer as CEO and CIO.
– New Advisory Board members for Mubadala Capital include Carl Meyer and Josh Lobel of M-Cor.
– Expected to close by Q2 2025, pending regulatory and legal approvals.
– Hani Barhoush, Mubadala Capital CEO: Highlights partnership’s alignment with Mubadala Capital’s global expansion and long-term value creation. Welcomes external equity partners to diversify and strengthen Mubadala Capital’s platform.
– Carl Meyer, Silver Rock CEO: Views the partnership as a significant milestone to deepen collaboration and expand capabilities.
– Josh Lobel, M-Cor CEO: Expresses confidence in Mubadala Capital’s vision for innovative and scalable investments.
– Oscar Fahlgren, Mubadala Capital CIO: Emphasizes the importance of diversification and scale for delivering differentiated returns.
