Apollo-Managed Funds Announce Upsize and Extension of Delos Platform, an Investment Partnership with Apeiron Management
March 29 2023 - 2:00AM
Apollo-Managed Funds Announce Upsize and Extension of Delos
Platform, an Investment Partnership with Apeiron Management
Apollo (NYSE: APO) today announced the upsize and extension of the
Apollo Delos platform, an investment partnership between funds
managed by its affiliates (the “Apollo Funds”) and Apeiron
Management SpA (“Apeiron”) that focuses on special situations and
corporate credit investment opportunities in Italy.
Since establishing the investment partnership in February 2018,
Apollo Funds have deployed over EUR 470 million in Italy across
investments in corporate debt, receivables, special situations,
insolvency compositions, and other stressed and distressed
assets.
Apeiron will continue to work with Apollo, providing support in
the origination, due diligence, structuring, execution and
management of transactions under the Apollo Delos platform. The
platform will be upsized by EUR 150 million with immediate effect
and Apollo Funds can also invest in larger Apeiron transactions on
an opportunistic basis. As part of the renewed commitment, Apeiron
will continue to target credit opportunities in Italy, with a focus
on corporate borrowers and special situations across the entire
capital structure. In connection with this capital increase,
Apeiron has made key hires on its investment team to address the
opportunities that lie ahead in Italy.
Alessandro Fracanzani, Founding Partner and CEO of Apeiron
Management said, “Apeiron is delighted by this upsized and extended
commitment. We are pleased by this sign of renewed trust from
Apollo which comes at a promising time for the special situations
market in Italy.”
Robert Ruberton, Partner and Co-Head of Hybrid Value at Apollo
said, “We are pleased to extend our strategic partnership with
Apeiron, as we continue our focus on investment opportunities in
the Italian market. Our longstanding relationship with Alessandro
and his team has been built on trust and their ability to identify
and execute on investment opportunities that we believe offer
strong returns with downside protection, and low correlation with
the broader market. We look forward to continuing this strategic
partnership and are excited by the attractive opportunities
ahead.”
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 December
31, 2022, Apollo had approximately $548 billion of assets under
management. To learn more, please visit www.apollo.com.
About Apeiron Apeiron is an independent advisor
and investor with offices in Milan. Its partners have over 40 years
of combined experience, ranging from distressed credit to
insolvency compositions to special situations. Apeiron relies on
its local knowledge, restructuring expertise and flexible approach
to pursue transactions across a broad range of business sectors,
working alongside its partners to implement value investing
strategies in complex situations. For more information about
Apeiron, please visit www.apeironmgmt.com.
Apollo Contacts
Noah GunnGlobal Head of Investor RelationsApollo Global
Management, Inc.(212) 822-0540IR@apollo.com
For U.S. media inquiries, please contact:
Joanna RoseGlobal Head of Corporate CommunicationsApollo Global
Management, Inc.(212) 822-0491Communications@apollo.com
For European media inquiries, please contact:
Sam Turvey / Finlay DonaldsonMaitland for Apollo Global
Management, Inc.+44 207 379
5151apollo-maitland@h-advisors.global
Apeiron Contact
Informationinfo@apeironmgmt.com
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