Citi Widens Private Credit Net Beyond Apollo Deal With New Role

Citi Widens Private Credit Net Beyond Apollo Deal With New Role

Citigroup Inc. is casting a wider net in the multitrillion-dollar private credit market with a new hire who will source debt deals beyond the scope of its existing tie-up with Apollo Global Management Inc.

Citi widens private credit net beyond Apollo deal with new role

The bank is hiring Aashish Dhakad from Ares Management Corp. to become head of private credit origination for North America.