Apollo launches €10 billion European credit platform backed by Abu Dhabi Investment…
- Reports
- 4
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Apollo Global Management launched the European Credit Company, a platform focused on European performing credit, including corporate and asset-backed lending. The platform launches with over €10 billion in lending capacity to support growth in Europe. The venture is backed by long-term capital investments led by Apollo funds and affiliates, as well as Abu Dhabi Investment Council.
From manilatimes.net, cnbc.com
Why it matters
The platform was established to address unprecedented financing needs in Europe driven by the industrial renaissance. By providing large-scale, flexible financing solutions across multiple credit asset classes, the venture aims to capitalize on long-term growth opportunities in the region.
Apollo Global Management announced that it is funding its portfolio companies.
From manilatimes.net, cnbc.com
Who's involved
- Abu Dhabi Investment CouncilLong-term capital investor in the European Credit Company.
- Apollo Global ManagementLaunched the European Credit Company platform.
- Giacomo PetrobelliChief Executive Officer of the European Credit Company.
- companyThe European Credit Company, a platform for European performing credit.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AthoraSpeculative
Athora might gain major new business access through its strategic partnership in the new credit platform.
- Norinchukin BankSpeculative
Norinchukin Bank could gain new European credit opportunities as a strategic partner in the platform.
- Standard CharteredSpeculative
Standard Chartered may gain new European credit opportunities through its strategic partnership.
- Abu Dhabi Investment CouncilSpeculative
Abu Dhabi Investment Council could see the successful deployment of capital into a large, new private credit venture.
- Apollo Global ManagementSpeculative
Apollo Global Management may expand its market reach by launching a dedicated, large-scale European credit platform.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.How it developed
Newest first. Tap a step to see who reported it.ADIC invests in ECC, a European credit firm, with Apollo leading capital investments.1 source
The new European credit platform is backed by ADIC and includes Athora, Standard Chartered, and Norinchukin Bank.1 source
Keep exploring
The entities involved
-
Abu Dhabi Investment Council
Investment arm of the government of Abu Dhabi
Nothing else this week.
- Apollo
-
Europe
terrestrial continent located in north-western Eurasia