Citi Joins Hands With Apollo for $25 Billion Private Credit Program
(Reuters) - Citigroup and Apollo Global have partnered for a $25 billion private credit and direct lending program, illustrating a growing alliance between banks and non-banks looking for a slice of the lucrative $2 trillion market.
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Apollo Co-President Jim Zelter said, “We are pleased to form a first-of-its-kind, scaled direct lending program with Citi, a preeminent banking partner and leader in capital markets and advisory.
A new wave of opportunity seems set to flow into private credit markets, which could enhance risk-adjusted returns and ...
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