Apollo Global Management originates $40b of private credit in Q1
Other - MAY 3, 2024

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Apollo Global Management originates $40b of private credit in Q1

by Andrea Zander

Apollo Global Management has originated a record $40 billion of private credit in first quarter 2024, according to the firm during its first quarter earnings call.

The total debt-origination volumes of nearly $120 billion during the past 12 months is up almost 40 percent compared with the previous 12 months. The originate assets are across its yield ecosystem through three main channels — the traditional channel, platforms and corporate solutions.

“And more recently, we’ve identified partnerships with other financial institutions as the fourth avenue that we plan to expand over time,” said Jim Zelterm, president of Apollo Global Management. “And finally, Apollo aligned alternatives, better known as AAA, is our semi-liquid equity replacement strategy [and] continues to be an important part of our global wealth offering. We raised $700 million of capital in the first quarter and continue to see strong fundraising momentum.”

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