Apollo Closes on $2.35 Billion in Commitments for Apollo Origination Partnership Fund I
August 11 2022 - 8:00AM
Apollo (NYSE: APO) today announced that it has closed on
approximately $2.35 billion in commitments for Apollo Origination
Partnership Fund I (“AOP” or the “Fund”), its inaugural fund
dedicated to large corporate direct lending. The new fund
contributes to Apollo’s more than $50 billion1 of AUM across its
direct lending strategies and platforms.
AOP is Apollo’s flagship closed-end, direct
lending strategy focused on large corporate borrowers based
primarily in North America and Western Europe. The Fund focuses on
originating top of the capital structure financing solutions to
companies that predominantly generate in excess of $100 million of
EBITDA.
“Apollo Origination Partnership is designed to
leverage our origination capabilities and credit expertise to
provide scaled capital solutions. The Fund builds on our decades of
experience lending to large corporates and sponsor-backed companies
to help achieve their goals, while generating attractive
risk-adjusted returns for our investors,” said Apollo Partner James
Vanek. “We are grateful for the strong investor support and believe
scaled direct origination is a long-term opportunity which is still
in its infancy.”
Apollo’s Deputy CIO of Credit John Zito added,
“AOP focuses on scaled private credit capital formation to address
an emerging and vast need for flexible lending solutions, in a
market historically served by leveraged finance alone. While this
is a long-term opportunity, the volatility and availability of
credit in the public markets this year has only accelerated
activity for AOP and our direct origination business. We continue
to build a solutions-oriented credit platform to provide speed and
certainty of execution, irrespective of broader market
conditions.”
Apollo intends to continue to build out its
large corporate direct origination capabilities in partnership with
its global institutional and wealth management investor base.
Paul, Weiss, Rifkind, Wharton & Garrison LLP
represented Apollo in connection with the closing of AOP.
About ApolloApollo is a high-growth, global
alternative asset manager. In our asset management business, we
seek to provide our clients excess return at every point along the
risk-reward spectrum from investment grade to private equity with a
focus on three investing strategies: yield, hybrid, and equity. For
more than three decades, our investing expertise across our fully
integrated platform has served the financial return needs of our
clients and provided businesses with innovative capital solutions
for growth. Through Athene, our retirement services business, we
specialize in helping clients achieve financial security by
providing a suite of retirement savings products and acting as a
solutions provider to institutions. Our patient, creative, and
knowledgeable approach to investing aligns our clients, businesses
we invest in, our employees, and the communities we impact, to
expand opportunity and achieve positive outcomes. As of June 30,
2022, Apollo had approximately $515 billion of assets under
management. To learn more, please visit www.apollo.com.
Apollo Contact Information
Noah GunnGlobal Head of Investor RelationsApollo Global
Management, Inc.(212) 822-0540IR@apollo.com
For media inquiries please contact:Joanna RoseGlobal Head of
Corporate CommunicationsApollo Global Management, Inc.+1 212 822
0491Communications@apollo.com
1 Reflects AUM for Apollo-managed direct lending strategies as
well as MidCap Financial (Apollo’s middle market lending affiliate)
as of 2Q 2022
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