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Apollo launches $11 billion private credit platform, backed by Abu Dhabi
Apollo launches European private credit platform backed by Abu Dhabi Investment Council
Key points
- The European Credit Company has more than 10 billion euros ($11.2 billion) of lending capacity.
- It will invest in performing credit across large and mid-market sectors, including corporate, asset-backed and real-asset lending.
- Giacomo Petrobelli is chief executive and Christian Meissner is chairman of the venture.
Why it matters. Apollo says financing needs in Europe for energy transition, defense and infrastructure are acutely felt, and the platform is aimed at meeting them.
Apollo Global Management has launched the European Credit Company, a European private credit platform with more than 10 billion euros ($11.2 billion) of lending capacity. Backers include the Abu Dhabi Investment Council (ADIC), Athora, Norinchukin Bank, Standard Chartered and Aranda Principal Strategies, Apollo said. Giacomo Petrobelli is chief executive and Christian Meissner is chairman, and the platform will invest in corporate, asset-backed and real-asset lending across Europe.
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Apollo launches $11 billion private credit platform, backed by Abu Dhabi
Apollo has launched a 10 billion euro European private credit platform backed by major global investors. Apollo Global Management has launched a European private credit platform with more than 10 billion euros ($11.2 billion) of lending capacity, backed by several blue-chip investors, including the Abu Dhabi Investment Council (ADIC). The European Credit Company will invest in performing credit across the large and mid-market sectors, including corporate and asset-backed lending, as well as lending to real-asset owners in infrastructure and real estate. The venture is led by Giacomo Petrobelli, serving as chief executive officer, and Christian Meissner, its chairman. Stock Chart IconStock chart icon Apollo Global Management. Petrobelli said Apollo's ECC aims to capitalize on a "generational opportunity" to finance Europe's long-term growth agenda using global pools of capital. Apollo partners with ADIC The venture's backing from ADIC comes a week after Apollo agreed to buy a nearly 10% stake in Mubadala Capital, the alternative asset manager subsidiary of Mubadala Investment Co., Abu Dhabi's sovereign wealth fund. Other strategic partners in the new platform include European insurance group Athora, Japanese lender Norinchukin Bank, Standard Chartered and Aranda Principal Strategies, a U.S. credit investor, Apollo said in an announcement. "We aim to build ECC into a premier pan-.
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.