Apollo and Mubadala Extend Multi-Billion-Dollar Partnership Focused on Global Origination Opportunities
Apollo (NYSE: APO) and Mubadala Investment Company have extended their multi-billion-dollar partnership focused on global origination opportunities. The extension strengthens Apollo's Capital Solutions business and origination capabilities across asset classes while providing Mubadala access to investment opportunities. Apollo announced a new target of reaching $275 billion of annual origination volumes in the next five years. The partnership builds on previous collaborations, including a $2.5 billion joint venture for global private credit opportunities and Mubadala's support in launching Apollo's middle market lending vehicle.
Apollo (NYSE: APO) e Mubadala Investment Company hanno esteso la loro partnership multimiliardaria incentrata sulle opportunità di origine globale. Questa estensione rafforza il business di Capital Solutions di Apollo e le capacità di origine attraverso le classi di attivi, fornendo nel contempo a Mubadala accesso a opportunità d'investimento. Apollo ha annunciato un nuovo obiettivo di raggiungere 275 miliardi di dollari di volumi di origine annui nei prossimi cinque anni. La partnership si basa su collaborazioni precedenti, inclusa una joint venture da 2,5 miliardi di dollari per opportunità di credito privato globale e il supporto di Mubadala nel lancio dello strumento di prestito per il mercato mediano di Apollo.
Apollo (NYSE: APO) y Mubadala Investment Company han ampliado su asociación multimillonaria centrada en oportunidades de origen global. Esta extensión refuerza el negocio de Soluciones de Capital de Apollo y las capacidades de origen a través de las clases de activos, al tiempo que proporciona a Mubadala acceso a oportunidades de inversión. Apollo anunció un nuevo objetivo de alcanzar 275 mil millones de dólares en volúmenes de origen anuales en los próximos cinco años. La asociación se basa en colaboraciones anteriores, incluyendo una joint venture de 2.5 mil millones de dólares para oportunidades de crédito privado global y el apoyo de Mubadala en el lanzamiento del vehículo de préstamos para el mercado medio de Apollo.
아폴로 (NYSE: APO)와 무바달라 투자 회사는 글로벌 기회 창출에 중점을 둔 수십억 달러 규모의 파트너십을 연장했습니다. 이번 연장은 아폴로의 자본 솔루션 사업과 자산 클래스 전반에 걸친 기회 창출 능력을 강화하고 무바달라에게 투자 기회를 제공합니다. 아폴로는 향후 5년 내에 연간 2,750억 달러의 기회 창출 목표를 설정했습니다. 이번 파트너십은 글로벌 사모 신용 기회를 위한 25억 달러 규모의 합작 투자 및 아폴로의 중간 시장 대출 수단 출시에 대한 무바달라의 지원을 포함한 이전 협업을 기반으로 합니다.
Apollo (NYSE: APO) et Mubadala Investment Company ont prolongé leur partenariat de plusieurs milliards de dollars axé sur les opportunités d'origine globales. Cette prolongation renforce l'activité Solutions de capital d'Apollo et ses capacités d'origine à travers les classes d'actifs, tout en offrant à Mubadala un accès à des opportunités d'investissement. Apollo a annoncé un nouvel objectif d'atteindre 275 milliards de dollars de volumes d'origine annuels au cours des cinq prochaines années. Le partenariat s'appuie sur des collaborations antérieures, y compris une coentreprise de 2,5 milliards de dollars pour des opportunités de crédit privé mondial et le soutien de Mubadala au lancement du véhicule de prêt pour le marché intermédiaire d'Apollo.
Apollo (NYSE: APO) und Mubadala Investment Company haben ihre milliardenschwere Partnerschaft, die sich auf globale Herkunftsmöglichkeiten konzentriert, verlängert. Diese Erweiterung stärkt das Capital Solutions-Geschäft von Apollo und die Herkunftskapazitäten über verschiedene Anlageklassen hinweg, während Mubadala Zugang zu Investitionsmöglichkeiten erhält. Apollo gab ein neues Ziel bekannt, in den nächsten fünf Jahren 275 Milliarden Dollar an jährlichen Herkunftsvolumen zu erreichen. Die Partnerschaft baut auf früheren Kooperationen auf, darunter ein 2,5-Milliarden-Dollar Joint Venture für globale private Kreditmöglichkeiten und die Unterstützung von Mubadala bei der Einführung des Mittelstands-Kreditsystems von Apollo.
- New target of $275 billion in annual origination volumes set for next five years
- Extension of multi-billion dollar partnership with major institutional investor Mubadala
- Existing $2.5 billion joint venture for global private credit opportunities
- Enhanced ability to originate large-scale investment opportunities
- None.
Insights
The extended partnership between Apollo and Mubadala represents a significant strategic development with substantial implications for Apollo's growth trajectory. The collaboration strengthens Apollo's capital deployment capabilities and positions them to reach their ambitious
This partnership extension is particularly valuable in the current market environment where traditional lending has become more constrained. It enhances Apollo's competitive position in providing large-scale private financing solutions across various sectors, including clean energy transition and digital infrastructure. The continued backing from Mubadala, a sovereign wealth fund with significant financial resources, provides Apollo with greater flexibility and firepower in originating deals.
The relationship has already demonstrated success through multiple joint ventures, including a
Extension Further Strengthens Apollo’s Capital Solutions Business and Origination Capabilities Across Asset Classes, While Enabling Mubadala to Access a Range of Compelling Investment Opportunities
NEW YORK and ABU DHABI, United Arab Emirates, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Mubadala Investment Company (“Mubadala”) today announced an extension of their multi-billion-dollar partnership focused on global origination opportunities. The multiple year extension of this partnership, which was first established in 2022, further strengthens Apollo’s Capital Solutions business and ability to originate investment opportunities of scale across asset classes to help meet the growing demand for bespoke private debt and equity financing solutions globally.
Co-President of Apollo Asset Management Jim Zelter said, “We are pleased to extend our partnership with Mubadala, which builds on our strong relationship and several strategic initiatives that we have collaborated on over the past several years. Further enhancing our ability to originate investment opportunities that offer strong risk-adjusted returns is our top priority amid unprecedented demand for large-scale, customized capital solutions, and we believe the platform that the firm has created is particularly well positioned as a financing provider of choice to leading companies.”
Omar Eraiqaat, Deputy CEO of the Diversified Investments platform at Mubadala, added, “We share an aligned investment philosophy with Apollo and are pleased to extend our longstanding and strategic partnership with them, which provides us access to Apollo’s differentiated origination ecosystem. We continue to observe a secular shift in corporate financing toward private market execution and believe that this platform will continue to provide a scaled supply of attractive investment opportunities.”
At the firm’s Investor Day in October, Apollo announced a new target of reaching
Eric Needleman, Partner and Head of Apollo Capital Solutions, said, “Mubadala is among the most sophisticated alternative investors globally, and their continued support of our origination and Capital Solutions business positions us to capitalize on a growing global opportunity set as corporate borrowers increasingly recognize the value of private financing solutions.”
“Mubadala and Apollo have a long-standing and mutually beneficial strategic relationship. Within the credit sector, our partnership commenced more than nine years ago in direct lending,” said Fabrizio Bocciardi, Head of Credit Investments at Mubadala. “This partnership has expanded over time across other private debt asset classes driven by Apollo’s innovative capital solutions and our partnership-oriented approach.”
The partnership extension builds on several recent strategic collaborations between Apollo and Mubadala. The firms formed a
Apollo Forward-Looking Statements
This press release contains forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “target”, “seek,” “aim,” “continue,” “will,” “should,” “could,” or “may,” and variations of such words and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including those described under the section entitled “Risk Factors” in Apollo Global Management, Inc.’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2024, and the quarterly report on Form 10-Q filed with the SEC on August 8, 2024, as such factors may be updated from time to time in its periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in Apollo’s other filings with the SEC. Apollo undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2024, Apollo had approximately
About Mubadala Investment Company
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi.
Mubadala’s
For more information about Mubadala Investment Company, please visit: www.mubadala.com
Contacts:
For Apollo:
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com
For Mubadala Investment Company:
Salam Kitmitto
Head of Communications – Diversified Investments
Mubadala Investment Company
+971 50 276 9286
sakitmitto@mubadala.ae
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