07:45 AM EDT, 04/02/2024 (MT Newswires) -- Barclays ( JJCTF ) and AGL Credit Management have signed a cooperation agreement to originate private credit loans with financial backing from the Abu Dhabi Investment Authority sovereign wealth fund, Bloomberg reported Tuesday.

Under the deal, AGL will have exclusive access to Barclays' ( JJCTF ) deal flow, Bloomberg reported. Although AGL will have a first look on every deal Barclays ( JJCTF ) originates that includes a private credit option, it will not be obligated to participate, according to the report.

Representatives for Barclays ( JJCTF ), AGL, and the ADIA did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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