Abu Dhabi’s Mubadala Investment Company has recently made a significant investment in the US alternative real estate commercial lender 3650. This funding round also included a repeat investment from the California State Teachers’ Retirement System (CalSTRS), totaling $215 million in new investments.

While the exact financial details of Mubadala’s investment have not been disclosed, the company’s website indicates that its real estate team is part of a larger commitment of up to $4 billion toward the US real estate credit markets, which includes collaboration with 3650 REIT and CalSTRS. The firm stated that this capital will enhance its lending strategies and support various investment products, offering long-term, fixed-rate financing alongside transitional loans.

In the third quarter of the previous year, 3650 secured nearly $430 million in capital commitments from CalSTRS and Singapore’s state-backed Temasek. This was preceded by a $100 million commitment from the Public Officials Benefit Association (POBA), a public pension fund based in Seoul, South Korea. Currently, 3650 manages a substantial loan servicing portfolio valued at approximately $18 billion in commercial real estate loans and securities.