Citi and Apollo Introduce $25 Billion Private Credit, Direct Lending Program
Citigroup Inc. (NYSE: C) and Apollo (NYSE: APO) announced that they have entered into an exclusive agreement for a subsidiary of Citi.
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.
Citi, Apollo In Deal To Form $25 Bln Private Credit, Direct Lending Program
Banking major Citigroup Inc. (C) and alternative asset manager Apollo Global Management (APO) announced Thursday that they have
Citi joins hands with Apollo for $32b private credit programme
The programme can expand to more geographies and stretch beyond the US$25 billion target. Read more at straitstimes.com.
Citigroup, Apollo Agree to $25 Billion Private Credit, Direct Lending Program
Citigroup and Apollo Global Management entered into an exclusive agreement to form a $25 billion private credit, direct lending program. The companies said the program will initially be rolled out in North America, but will potentially expand to further regions and beyond the initial $25 billion scope.
Citigroup And Apollo Team Up For $25Bn Private Credit, Direct Lending Program
Citi and Apollo said that they "expect strong client demand and maintain the flexibility to significantly expand the size of the program beyond the initial $25 billion."
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Citi and Apollo Announce $25 Billion Private Credit, Direct Lending Program
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.