Mubadala Anchors Apollo Global Management’s Massive Direct Lending Platform

Posted on 07/07/2020

Apollo Global Management, Inc. formed a mega platform for direct lending called Apollo Strategic Origination Partners. The new origination platform is expected to provide approximately US$ 12 billion in financings over the next three years, targeting transactions of approximately US$ 1 billion to help meet growing corporate demand for scaled direct origination solutions. The Partnership is anchored by Mubadala Investment Company (through Mubadala Capital) and certain permanent capital vehicles managed by Apollo. According to the press release, “Apollo Strategic Origination Partners will originate direct lending solutions on a global basis, 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.”

Apollo Global Management sees meaningful demand for financing solutions that sit between its middle-market direct lending platform, MidCap Financial, and the broadly syndicated loan market and expect this platform will be able to effectively capitalize on the burgeoning opportunity set.

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