Private credit lenders have recently seen revived competition for financing from banks, which are the traditional lenders for leveraged buyouts
The team at NBK Capital Partners will join the $353bn asset manager as the firm’s new emerging markets private capital division
Despite global dealmaking challenges in 2023 the Middle East will continue to be a global bright spot for transactions in the year ahead
The investment will initially focus on providing financing for technology and software companies
Sovereign wealth funds like the QIA have been increasingly looking at private credit, providing evidence of the market’s rapid growth
The partnership aims to deploy at least $1bn of long-term capital, providing bespoke credit solutions to companies and sponsors