Apollo taps Wall Street banks to syndicate and trade private credit at scale

Apollo taps Wall Street banks to syndicate and trade private credit at scale

Apollo Global Management has formed partnerships with a group of major US banks, including JPMorgan Chase, Goldman Sachs, and Citigroup, as it accelerates efforts to bring greater scale and liquidity to the fast-growing private credit market, according to a report by Bloomberg. The report cites unnamed people familiar with the matter as revealing that under the arrangement, the banks act as broker-dealers, either purchasing investment-grade priv…