Mubadala and Barings a MassMutual Subsidiary Launch US$500 Million Real Estate Debt Partnership
Abu Dhabi, UAE / Charlotte, NC, USA – 15 December 2025 – Mubadala Investment Company (“Mubadala”), an Abu Dhabi-based sovereign investor, and Barings, a leading global investment manager and subsidiary of MassMutual, announced the launch of a US$500 million global real estate debt partnership.
The partnership combines Barings’ extensive expertise in real estate debt management with Mubadala’s global investment platform to deliver innovative credit solutions across the United States, Europe, and Asia-Pacific.
The joint venture will be managed by Barings, with Mubadala investing alongside MassMutual, reflecting the growing shift by sovereign investors toward specialized strategies in alternative credit and global real estate.
The partnership will focus on senior and subordinated real estate loans across asset classes and will benefit from Barings’ platform of over US$30 billion in real estate debt assets under management, supported by strong performance and a global footprint.
Omar Eraiqaat, Deputy CEO, Credit and Special Situations at Mubadala, said:
“We are excited to grow our relationship with MassMutual and Barings with the launch of this new joint venture. Their impressive track record, robust origination, and strong portfolio management capabilities complement Mubadala’s existing investment strategy and enables us to further access high-quality opportunities in global real estate credit markets. Together, we are well-positioned to capitalize on market opportunities going forward, providing creative financing solutions that deliver resilient, long-term value to our stakeholders.”
Mike Freno, Chairman & CEO, Barings, said:
“We are pleased to strengthen our partnership with Mubadala through this milestone venture. By combining Barings’ decades of experience in credit markets with Mubadala’s world-class investment platform, we are forging a powerful alliance built on collaboration and shared vision. This joint effort positions us to deliver innovative financing solutions across key global regions and seize the opportunities created by market dislocation. Together, we are excited to create resilient, long-term value for our clients and stakeholders.”
The partnership comes amid significant opportunities in global real estate markets, driven by bank retrenchment, refinancing needs, and rising demand for private credit.
