Private Equity

Apollo launches platform to help facilitate big loans

Buyout firm moves deeper into expanding pool of direct lending, with Mubadala Investment as lead backer

Monday 6 July 2020 at 13:40

Apollo Global Management is launching a big new credit operation as the buyout giant dives deeper into the rapidly expanding pool of direct lending.

The New York firm is creating a $12bn platform focused on providing companies with loans of around $1bn, Apollo officials said. Abu Dhabi state fund Mubadala Investment Co. is the lead backer of the venture, whose firepower Apollo plans to augment with additional capital from other investors.