Adding to a banner day for variety in private credit deals in the Middle East, sources tell Bloomberg that Ares Management has feted a $100 million line for asset-based financing within its Alternative Credit strategy for Dubai's Patrimium multifamily office.
Demonstrating the region's thirst for the asset class across the investor stack as 2025 comes to a close, sovereign fund Mubadala and Barings announced a private real estate deal focused on refinancing credit, while Blackstone and Israel's Phoenix Asset Management unveiled a multibillion-dollar partnership.
