Albacore Capital, MUFG tie up on infrastructure debt platform

Albacore Capital, MUFG tie up on infrastructure debt platform

AlbaCore Capital Group has announced the launch of a Senior Direct Lending Strategy, supported by commitments from Mitsubishi UFJ Trust and Banking Corporation (MUFG) and the Abu Dhabi Investment Authority (ADIA). The strategy secured $1.8 billion in investable capital at its first close, positioning AlbaCore to expand its private credit offerings. This initiative builds on AlbaCore's expertise in European corporate capital structures and aims to address growing demand for tailored financing solutions amid evolving regulatory and macroeconomic conditions.

Separately, AlbaCore has expanded into infrastructure debt, hiring a four-member investment team from UBS Asset Management to lead the new strategy. The team, including managing director Viktor Kozel and directors Ciara Halleman and Thibault Pontaut, brings over 40 years of combined experience in infrastructure debt. The firm described infrastructure debt as a "natural extension" of its credit capabilities, citing convergence between corporate and infrastructure sponsor activity in Europe.

AlbaCore, which manages $11 billion in assets across private capital, direct lending, and structured credit, emphasized that these initiatives enhance its ability to meet client needs. The Senior Direct Lending Strategy, anchored by MUFG and ADIA, complements its infrastructure debt expansion, reflecting the firm's broader focus on diversifying credit solutions in European markets.