“We are patient, we are a solutions provider and we are extremely flexible in terms of where we can go in both yield and opportunity.”
John Zito
Deputy CIO of Credit
Credit
Credit
- Our Approach
- Asset Classes
- Related Insights
Our Approach
Our Approach
Our Credit business, Apollo’s largest asset management strategy by AUM, spans the private and public corporate credit and asset-backed finance markets. We serve as a financing partner of choice for large corporates, sponsor-backed businesses, specialty lending platforms and more, helping companies to access flexible solutions at competitive costs of capital to fuel their growth. Borrowers frequently turn to Apollo for bespoke solutions, price certainty and speed of execution.
Across our platform we focus on strong credit fundamentals, company and sector knowledge and rigorous underwriting. We have built significant capabilities in private fixed income, including investment-grade solutions to serve the needs of retirement services and other ratings-sensitive institutions.
Key Stats
Key Stats
$460B
AUM
360+
Investment Professionals
3,000+
Issuer Relationships
As of December 31, 2023
One of the world’s largest alternative credit investors
Our integrated global platform and origination infrastructure helps us to manage more than $450 billion of credit assets
Financing stronger businesses
Our flexible and innovative solutions help to finance stronger businesses in all market environments
Investment and retirement solutions
We seek to generate high-quality credit and excess risk-adjusted returns to meet clients’ investment and retirement income objectives
Asset Classes
Asset Classes
Identifying opportunities within the public and private corporate credit markets
$316B AUM
- Direct Lending
- Investment Grade and High Yield Bonds
- Broadly Syndicated Loans
- Preferred Equity
Originating and financing asset-backed capital solutions
$143B AUM
- Securitized Products
- Warehouse Financing
- Whole Loan & Assets
- Structured Platform Equity
- Portfolio Finance
- Other Private & Bilateral Asset-Backed Lending
Investment Strategies
Investment Strategies
Multi-Asset Credit
- Multi-sector credit across public and private markets
- Targets strong credit fundamentals
- Expansive opportunity set with limited overlap to traditional fixed income portfolios
- Semi-liquid credit
Direct Lending
- Large corporate direct origination
- First lien and unitranche
- Strong credit documentation
- Seeks illiquidity premium in private markets
Asset-Backed
- Secured by hard assets and financial assets
- Private and public diversified asset-backed financing
- Whole loans, whole business securitization
- Platform equity
- Seeks downside protection through structuring and collateral
Opportunistic
- Dislocation and event-driven opportunities
- Opportunistic hybrid solutions
- Active across public and private markets
- Seeks outsized alpha generation, low correlation to traditional asset classes over a credit cycle
Origination Platforms
Origination Platforms
We’ve built an ecosystem of origination platforms focused on asset-backed and specialty lending. These businesses span aviation, equipment and trade finance, warehouse facilities and more. Today there are nearly 4,000 professionals working across 16 platform businesses, which originate tens of billions in assets every year for Apollo clients and third parties.
We believe our direct origination strategy helps to deliver excess risk-adjusted returns at scale on a recurring basis.
Case Studies
Case Studies
In December 2022, Apollo structured and anchored an asset-backed securitization for Concord, a global leader in music publishing, recorded music and theatrical rights licensing. The $1.8 billion transaction was the largest-ever ABS of music rights at time of issuance and illustrates how Apollo’s ecosystem can support and finance stronger businesses through cost-effective, asset-backed financing.
Amid bankruptcy at the height of COVID, Hertz found in Apollo a financing partner capable of executing a quick-turn, multi-billion-dollar series of transactions that enabled the company to continue operations and meet customers’ needs.
Eliant is providing flexible capital solutions for an ever-changing world by helping companies optimize their supply chains.
Related Insights
Related Insights
Credit | Investment Insight
The Evolution of ESG Credit at Apollo (Volume II): Driving Value Creation at Scale
The whitepaper builds on Apollo’s longstanding commitment to transparency and expertise in credit strategies by providing an in-depth look into how the Apollo ESG credit platform has significantly scaled to support a range of strategies and innovative transactions.
At Apollo, we believe that taking an unconstrained approach to fixed-income portfolio construction can provide compelling benefits for market participants by expanding their investible universe outside of traditional asset types to drive enhanced diversification and potential excess returns. Learn more about how the inclusion of investment-grade private debt can generate higher yields and alpha potential in fixed-income portfolios.
Credit | Investment Insight
The Evolution of ESG Credit at Apollo: From Managing Risks to Seizing Opportunities
The white paper builds on Apollo’s longstanding commitment to transparency and expertise in credit strategies by providing an in-depth look into the ESG credit platform’s foundation and development.
