Mubadala Capital forms strategic partnership with Silver Rock Financial
- Mubadala Capital acquires a 42 percent stake in Silver Rock Financial through cash and stock.
- The partnership allows for potential future ownership of up to 50 percent and includes a commitment of over $1 billion to Silver Rock funds.
- This transaction marks a significant milestone for Mubadala Capital as it welcomes external equity partners for the first time.
On December 5, 2024, Mubadala Capital announced a strategic partnership with Silver Rock Financial, a prominent credit asset manager based in the United States. As part of this arrangement, Mubadala will purchase a 42 percent stake in Silver Rock Financial LP, utilizing a combination of cash and stock. This strategic move is aimed at enhancing Mubadala Capital's asset management capabilities by gaining access to the specialized credit expertise that Silver Rock Financial offers. Furthermore, an option exists allowing Mubadala Capital to increase its ownership to 50 percent in the future. Mubadala Capital plans to invest over $1 billion into Silver Rock funds over time, signifying its strong commitment and belief in Silver Rock's credit strategies. The transaction will also introduce three new equity partners into Mubadala Capital's asset management platform: Carl Meyer, CEO and CIO of Silver Rock Financial; Michael Haberkorn, Co-Founder and Co-Portfolio Manager; and M-Cor Capital, the investment arm of the Milken Family Office. This shift marks the first instance of external shareholders entering Mubadala Capital's alternative asset management business, fostering a collaborative environment that aligns with their long-term vision for growth. Both firms will maintain their independence post-transaction, with Carl Meyer continuing to lead Silver Rock Financial. The management at Silver Rock is expressing confidence in this partnership, stating that it provides them with essential growth opportunities through Mubadala Capital's global influence and industry connections. The CEOs from both companies highlighted the partnership's potential to create high-impact investments and scalable opportunities across diverse asset classes. This strategic partnership illustrates Mubadala Capital's evolution within global alternative asset management and underscores their commitment to fostering collaborations that drive sustainable value. With this significant transaction, Mubadala Capital aims to further solidify its position in the market and leverage the extensive experience and insight of its new equity partners as they continue on their growth trajectory.