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Citi partners with Apollo to lend USD 25 bln

Summary by thepaypers.com
Citigroup has announced a partnership with Apollo in an initiative to lend up to USD 25 billion to private equity groups and low-rated companies in the US.

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thepaypers.comthepaypers.com

Citi partners with Apollo to lend USD 25 bln

Citigroup has announced a partnership with Apollo in an initiative to lend up to USD 25 billion to private equity groups and low-rated companies in the US.

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alternativecreditinvestor.comalternativecreditinvestor.com

$25bn Apollo/Citi deal brings private credit into the mainstream

The $25bn (£18.69bn) direct lending partnership between Apollo and Citigroup signifies the mainstreaming of private credit, Moody’s has said. Yesterday (26 September), the two firms announced that they had entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a direct lending programme in North America, with the […] The post $25bn Apollo/Citi deal brings private credit into the mainstream appeared …

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Private Equity WirePrivate Equity Wire

Citi and Apollo agree $25bn private credit tie-up

Citigroup Inc and Apollo Global Management Inc have announced a strategic partnership to target $25 billion in private credit transactions over the next five years, marking a significant expansion into the rapidly growing sector, according to a report by Bloomberg. The partnership, which also includes Mubadala Investment Co and Apollo’s insurance unit, Athene, will initially focus on non-investment grade lending in North America. Both firms may …

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