币界网报道：BlackRock and Abu Dhabi's sovereign wealth fund Mubadala Investment Company have paused their plans to launch a private credit partnership targeting Asian markets due to regulatory challenges, according to sources familiar with the matter. The two financial giants had been in discussions since at least early 2023 to create a joint venture that would provide private credit solutions to companies across Asia, particularly in growth markets like India. However, the partnership faced complications related to regulatory approvals and compliance requirements across multiple Asian jurisdictions, leading to the decision to temporarily halt the initiative. The proposed venture was seen as part of BlackRock's broader strategy to expand its private markets business globally, while Mubadala sought to deepen its exposure to Asia's fast-growing private credit sector. Private credit has emerged as an increasingly attractive asset class in Asia as traditional bank lending tightens and companies seek alternative financing options. The pause comes despite strong interest from both institutions in the Asian private credit market, which has been growing rapidly with estimates suggesting it could reach $50 billion in the coming years. Neither BlackRock nor Mubadala has publicly commented on the status of the partnership discussions. Industry observers note that such cross-border financial partnerships often face regulatory hurdles, particularly in Asia where markets have varying degrees of openness to foreign investment in credit markets. The two firms may revisit the partnership once regulatory conditions become more favorable.