Apollo Global Management has launched Apollo Asset-Back Credit Company (ABC), according to a transcript of the firm’s results for the second quarter ended June 30, 2024.
Scott Kleinman, co-president of the firm, said the firm raised more than $6 billion in the first half of the year for its global wealth efforts.
“We've raised north of $6 billion in the first half of the year, including record fundraising in the second quarter, positioning us to exceed the $8 billion of capital raised last year. The most significant contributor to our growth momentum is Apollo Debt Solutions, the nontraded credit BDC we manage,”
