General Atlantic and UBS Group AG (NYSE: UBS) announce today a strategic partnership focused on private credit opportunities. The collaboration between UBS and General Atlantic Credit (GA Credit) aims to enhance investing clients’ and borrowers’ access to a broader set of direct lending and other credit products.
The partnership formalizes and expands a history of collaboration, bringing together two leading global platforms to create a compelling private credit offering by combining UBS’s advisory and investment banking origination capabilities with General Atlantic’s extensive global network, sourcing reach across industries and geographies, and recognized leadership as a private credit investor.
Bill Ford, Chairman and Chief Executive Officer of General Atlantic, commented: “We are excited to bring together General Atlantic’s deep expertise in private credit investing with UBS’s strengths in origination, global client relationships, and advisory services. Our complementary cultures position us well to scale a market-leading private credit platform, and we look forward to capturing the most compelling opportunities for our investing clients.”
Sergio P. Ermotti, Group Chief Executive Officer of UBS, said: “We’re pleased to enter this strategic partnership with General Atlantic, leveraging our two firms’ individual strengths to jointly deliver a broader range of innovative private credit solutions. This collaboration is rooted in a shared dedication to client centricity, enabling us to bring to bear the best of both our firms’ market leading capabilities across private credit investing, capital markets, and asset management.”
This collaboration advances the GA Credit platform by unlocking differentiated access to proprietary deal flow, delivering customized solutions across the capital structure and business lifecycle, and adding a complementary strategy to Atlantic Park, which will benefit from expanded origination opportunities through the partnership. It also marks a significant step in UBS’s growth ambitions for its Global Banking capital markets platform, enhancing its scale and capabilities.
GA Credit will be responsible for leading the investment activities, leveraging UBS’s origination capabilities, and managing a dedicated private credit team formed through the integration of professionals from both GA Credit and UBS Asset Management’s Credit Investments Group (CIG). Through this collaboration, CIG will have the ability to source incremental private credit assets for its multi-credit strategies.
The strategic partnership will focus on providing senior secured direct lending financing to companies in North America and Western Europe. It will strengthen UBS’s Investment Bank private markets capabilities, particularly in the Americas, by providing private credit solutions across mid- and large-cap structures, including both corporate and sponsor-backed assets in a capital efficient way.
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to General Atlantic. Latham & Watkins LLP served as legal counsel to UBS.
