Adding to a banner final few days in 2025 for variety in private credit deals in the Middle East, sources tell Bloomberg that Ares Management has feted a $100 million NAV financing line for asset-based investment, a strength within its Alternative Credit strategy, for Dubai's Patrimium multifamily office.

Demonstrating the region's thirst for the asset class across the investor stack as 2025 comes to a close, sovereign fund Mubadala and Barings announced a private real estate deal focused on refinancing credit, while Blackstone and Israel's Phoenix Asset Management unveiled a multibillion-dollar partnership.