Apollo Launches $11 Billion Private Credit Platform with Abu Dhabi Backing

Apollo Global Management has established a European private credit platform capable of deploying more than €10 billion (about $11.2 billion) in credit, with investors including the Abu Dhabi Investment Authority and several other institutions. The vehicle, named European Credit Company, will invest in performing credit assets in the large and mid-sized market, spanning corporate lending and asset-backed loans, as well as financing for owners of real assets in infrastructure and real estate.