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Citi, Apollo Join Forces in $25 Billion Private Credit Push

Summary by Bloomberg
The two Wall Street heavyweights have struck an exclusive partnership to arrange financings for corporate and private equity clients.

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The Straits TimesThe Straits Times

Citi joins hands with Apollo for $32b private credit program

The program can expand to more geographies and stretch beyond the US$25 billion target. Read more at straitstimes.com.

·Singapore
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BloombergBloomberg

Citi, Apollo Join Forces in $25 Billion Private Credit Push

The two Wall Street heavyweights have struck an exclusive partnership to arrange financings for corporate and private equity clients.

·United States
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JingletreeJingletree

Citi teaming up with Apollo to handle $25 billion in private-credit investments

Citi and Apollo will handle loan portfolio with capital from insurance annuity company Athene and Abu Dhabi’s Mubadala Investment Co.

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AGBIAGBI

Mubadala teams up with Citi and Apollo in private credit drive

Mubadala works with Citi and Apollo $25bn private lending programme ‘Win-win arrangement’ Abu Dhabi’s sovereign wealth fund, Mubadala, is to participate in a $25 billion programme of private credit direct lending that has been launched by the New York Stock Exchange-listed bank Citigroup and the alternative asset manager Apollo. Mubadala will act as partner in the programme to Apollo, which is based in New York. Athene, Apollo’s insurance unit…

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thedailyupside.comthedailyupside.com

Citigroup and Apollo Strike $25 Billion Partnership in White-Hot Private Credit Market

It’s just like they say: If you can’t beat ‘em, join ‘em. Sometimes that means entering a burgeoning sector that just so happens to compete with yours. On Thursday, banking giant Citigroup and asset management giant Apollo Global announced an alliance to source $25 billion worth of deals in the next half-decade in the private credit market. The area was once seen as competition for banks, but now increasingly involves them. Where Private Credit …

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Markets MediaMarkets Media

Citi and Apollo Form $25bn Private Credit Program

Citigroup and Apollo announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies. The program will include participation from Mubadala Investment Company as Apollo’s strategic partner as well as Apollo’s subsidiary, Athene, both of which…

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