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Apollo Launches 10 Billion Euro European Private Credit Platform Backed by Abu Dhabi
Apollo launches a European private credit platform with over 10 billion euros in lending capacity, backed by Abu Dhabi's ADIC.
Key points
- The European Credit Company has more than 10 billion euros ($11.2 billion) of lending capacity.
- The platform will lend across corporate, asset-backed, infrastructure and real estate sectors.
- The venture follows a week after Apollo agreed to buy a nearly 10% stake in Mubadala Capital.
Why it matters. The platform could expand private credit lending to large and mid-market companies and real-asset owners across Europe, according to Apollo's announcement.
Apollo Global Management has launched the European Credit Company, a private credit platform with more than 10 billion euros ($11.2 billion) of lending capacity, backed by investors including the Abu Dhabi Investment Council. The platform will invest in performing credit across large and mid-market sectors, including corporate and asset-backed lending, and lending to real-asset owners in infrastructure and real estate. It is led by chief executive Giacomo Petrobelli, with Christian Meissner as chairman.
Latest updates
Apollo Launches 10 Billion Euro European Private Credit Platform Backed by Abu Dhabi
Apollo Global Management has launched a European private credit platform called the European Credit Company. The platform has more than 10 billion euros ($11.2 billion) of lending capacity. Several blue-chip investors back the vehicle, including the Abu Dhabi Investment Council (ADIC). The company will invest in performing credit across large and mid-market companies. Its strategy covers corporate and asset-backed lending, according to CNBC.