Apollo targets jumbo deals with $12bn private fund

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By Silas Brown
06 Jul 2020

Apollo Global Management announced on Monday a new private credit unit aiming to provide $1bn direct loans to larger firms, in the first instance of a direct lending fund with its eyes only fixed on big business.

Apollo said that it expects the new platform, Apollo Strategic Origination Partners, to lend roughly $12bn in debt over the next three years, across the globe, with transaction sizes of about $1bn. State-owned Abu Dhabi fund Mubadala is the anchor investor, along with other financing vehicles of Apollo, ...

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