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Mubadala, Ares to set up $1bn global credit investment JV

US-based Ares Management Corporation, a key alternative investment manager, has joined hands with Abu Dhabi investment group Mubadala to set up a new venture that will invest (in early stages) nearly $1 billion in global credit secondaries opportunities.

Ares, Mubadala form global credit secondaries JV

Ares Management and sovereign wealth fund Mubadala formed a joint venture to invest in global credit secondaries opportunities.

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