Credit | Investment Insight
October 06, 2023
Asset-Backed Finance: The Next Evolution of Private Credit
Bret Leas | Partner, Co-Head of Asset-Backed Finance
Akila Grewal | Partner, Head of Credit Product
Asset-backed finance (ABF) is a critical tool for financing day-to-day activities for millions of businesses and consumers globally. It comprises a broad set of credit types that touches everyday life from residential mortgages, credit cards and student loans, to planes, trains, automobiles, and more, collectively making up a $20 trillion-plus market today.1 While the growth of private credit has largely focused on corporate credit, we see ABF as a rapidly growing asset class that we believe is the natural progression of private credit.
1 Source: Apollo Analysts as of December 2022.
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Equity | Investment Insight
Building Better Businesses: How Apollo Equity Helps Drive Value Through Portfolio Company Decarbonization
The whitepaper builds on Apollo’s longstanding commitment to transparency and expertise in equity strategies by providing an in-depth look into how the Apollo Responsible and Sustainable Operations team helps drive value through portfolio company decarbonization.
Demand booms for low-liquidity, higher-return credit assets, Marc Rowan says
The buoyant demand for corporate debt that propped up primary markets this year came alongside pockets of distress in the riskier parts of the market. We expect this divergence to persist through 2024. In this outlook, we’ll explore the bifurcation in the market, investment themes—from AI to elections—in opportunistic credit, the vanishing liquidity premium in investment grade debt, and the relative value of BDC’s unsecured debt.
