AlbaCore launches its Senior Direct Lending Strategy with Mitsubishi UFJ Trust & Banking
European credit specialist AlbaCore Capital Group, a consolidated subsidiary of Mitsubishi UFJ Trust and Banking Corporation (MUTB), has launched a new Senior Direct Lending Strategy, having secured anchor investments from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and MUTB.
MUFG aims to strengthen its strategic investments for sustainable growth through its global asset management business, with one of its key initiatives being the expansion of its asset management capabilities in the private markets field. Since entering into a strategic partnership in 2023 with AlbaCore through MUTB's subsidiary, First Sentier Investors, MUFG has been enhancing its asset management capabilities and product competitiveness.
The Strategy will leverage AlbaCore’s deep knowledge of European corporate capital structures, to build a diversified portfolio of senior direct lending investments focusing on downside protection and delivering attractive risk-adjusted returns. The Strategy will also draw upon AlbaCore’s thorough bottom-up fundamental credit analysis to primarily finance senior private loans in upper-mid to large cap performing European corporates.
AlbaCore has successfully completed its first close, bringing together an expected $1.8 billion in investable capital, including the commitments from ADIA and MUTB. With the launch of the Strategy, AlbaCore is well positioned to take advantage of the growing opportunity set to finance loans, further expanding its market presence and delivering enhanced value to clients globally.
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