Credit

Credit

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

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One of the world’s largest alternative credit investors

Our integrated global platform and origination infrastructure help us to manage more than $443 billion of credit assets

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Financing stronger businesses

Our flexible and innovative solutions help to finance stronger businesses in all market environments

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Investment and retirement solutions

We seek to generate high-quality credit and excess risk-adjusted returns to meet clients’ investment and retirement income objectives

John Zito

“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

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 
  • 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.


Explore Other Strategies

Explore Other Strategies