[ad_1]
Posted: Jun 7, 2023 8:29AM EST
Apollo Global Management Inc. APO said on Wednesday it received a commitment from the Abu Dhabi Investment Authority (ADIA) to conduct warehouse financing transactions through its new asset-backed finance (ABF) franchise and securitized credit origination business, Atlas SP Partners . Atlas SP expects to be able to support approximately $15 billion in new warehouse financing commitments, including support from ADIA, with a focus on private investment grade and sub-investment grade opportunities. “Our scaled fixed income alternative strategy is being extended to a broader range of private credit solutions as the global fixed income markets develop,” …
Apollo Global Management
Apolipoprotein
It said on Wednesday it had received a commitment from the Abu Dhabi Investment Authority (ADIA) to conduct warehouse financing transactions through its new asset-backed finance (ABF) franchise and securitized credit origination business, Atlas SP Partners. Atlas SP expects to be able to support approximately $15 billion in new warehouse financing commitments, including support from ADIA, with a focus on private investment grade and sub-investment grade opportunities. “Our scaled fixed income alternative strategy is expanding to a broader range of private credit solutions as the global fixed income market evolves,” said Jim Zelter, co-president of Apollo. Apollo stock was up 1.5% in premarket trading.
[ad_2]
Source link