Mubadala, Barings launch $500 million global real estate debt partnership

Mubadala Investment Company and Barings announced a new $500 million global real estate debt partnership aimed at widening private credit activity across major international markets. Mubadala will invest alongside MassMutual, while Barings will manage the joint venture.

The partnership will target senior and subordinated real estate loans in the US, Europe and Asia-Pacific. The firms said the strategy is structured to provide credit solutions supported by institutional-grade property assets. The initiative builds on an existing relationship between the two organisations and forms part of Mubadala’s plan to broaden its real estate debt portfolio.

Barings will use its global real estate debt platform, which manages more than $30 billion in assets, to source and oversee investments. Mubadala Deputy CEO of Credit and Special Situations Omar Eraiqaat said the venture increases access to international real estate credit and fits the company’s long-term investment approach.

Barings Chairman and CEO Mike Freno said the partnership strengthens ties with Mubadala and positions the firms to pursue opportunities shaped by current market conditions. The announcement follows a period of reduced bank lending, higher refinancing needs and rising demand for private credit.