Apollo Global Management, Inc. has formed the Apollo Strategic Origination Partners for juicing up the financing. Apollo intends to make it a gateway to collect financing while it expects this new platform will provide approximately $12 billion in financings within next three years, transactions comprising of $1 billion to work as a source to meet growing corporate demand for scaled direct origination solutions. The Partnership is basically a joint venture to Mubadala Investment Company and Apollo managed permanent capital driver.
Apollo Strategic Origination Partners is purposed to globally raise direct lending solutions, targeting scaled investments in large, established corporations. Apollo intends to continue to build out its large corporate direct origination capabilities in partnership with its global institutional investor base.
Co-President and Chief Investment Officer of Credit department of Apollo company, James Zelter said Apollo Strategic Origination Partners is purposed to leverage company’s origination and alternative credit capabilities to serve strategic capital partners such as Mubadala invest in adoption of high- scale businesses. He further added, “The platform builds on our decades of experience providing capital solutions to large issuers.”
Deputy Group CEO of Mubadala and CEO of Alternative Investments & Infrastructure, Waleed Al Mokarrab Al Muhairi, expressed, “Mubadala’s investment philosophy is centered on world-class partnerships like this. Apollo is one of the most sophisticated and innovative alternative investors, and this strategic commitment should allow us to use our combined expertise to make compelling, sizable investments in great companies and a positive economic impact globally.”
Apollo’s Deputy Chief Investment Officer of Credit, John Zito added: “We believe Apollo and our longstanding strategic partners, who are aligned in investment philosophy and horizon, are well positioned to meet the substantial corporate and sponsor demand for large direct lending solutions.”
Apollo is known for running one of the world’s largest alternative credit businesses which are comprised of throughout 28 distinct asset classes and has hiring of over 235 investment professionals.