Citi And Apollo Form $25 Billion Private Credit / Direct Lending Program
By Amit Chowdhry ● Sep 29, 2024
Citigroup and Apollo announced that they have entered into an exclusive agreement to form a landmark $25 billion private credit / direct lending program initially in North America, with the potential to expand to additional geographies. This program will include participation from Mubadala Investment Company, Apollo’s strategic partner, and Apollo’s subsidiary, Athene, who will have the opportunity to join commitments appropriate for their respective mandates.