Apollo Global Management has announced that it plans to build a marketplace for private credit transactions, according to Bloomberg. It plans to collaborate with banks, exchanges and fintech firms to offer live information and intraday prices for private credit deals.
The first of its kind, this marketplace would allow Apollo to trade and syndicate the debt it originates on a large scale, says Bloomberg.
“We are engaging daily with top-tier counterparties, deepening market connectivity and expanding liquidity solutions and offerings,” Eric Needleman, head of Apollo Capital Solutions, said.
With trends pointing to public and private markets, the role of financial institutions is changing. This marketplace is set to be open, collaborative and large-scale.
