London: European credit specialist AlbaCore Capital Group (‘AlbaCore’) today announces the launch of a new Senior Direct Lending Strategy (‘the Strategy’), having secured anchor investments from a wholly owned subsidiary of the Abu Dhabi Investment Authority (‘ADIA’) and Mitsubishi UFJ Trust and Banking Corporation (the ‘Trust Bank’).

According to BERNAMA News Agency, AlbaCore has successfully completed its first close, bringing together an expected $1.8 billion in investable capital. 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.