Barclays, AGL Launch Private Credit Partnership Backed by ADIA

Barclays Plc and AGL Credit Management have teamed up to make a push into the burgeoning $1.7 trillion private credit market with backing from the Abu Dhabi Investment Authority.

The two firms have entered into a cooperation agreement to originate private credit loans that will give AGL exclusive access to Barclays’ deal flow. AGL will have a first look on every deal Barclays originates that includes a private credit option but no obligation to participate.

Peter Gleysteen

Photographer: Christopher Goodney/Bloomberg

“It’s going to make us a better lender,” AGL Chief Executive Peter Gleysteen said in a phone interview, arguing that having a direct ...