Middle East

Abu Dhabi’s Mubadala and Apollo expand partnership

Alternative Asset Managers Apollo and Mubadala Development Bestment Company have announced the expansion of their global partnership. This currently includes a number of strategic initiatives across Apollo’s integrated platform.

The expansion of the partnership will allow Apollo’s Capital Solutions business to open transactions across different asset classes and grow product capabilities. It is designed to benefit a wide range of capital needs and meet the growing market demand for multi-billion dollar appropriate and bespoke equity and debt solutions. Apollo hopes that mutually beneficial relationships will accelerate the five-year origination goal and support other goals.

Marc Rowan, CEO of Apollo, said:

The extended partnership will be built on the successful Apollo Strategic Origination Partners (ASOP) platform formed in 2020, strengthening the strong relationship between Apollo and Mubadala. It will also enhance the capabilities of Apollo’s capital solutions business across the company’s global investment platform, along with the growth of a team of experts focused on origination, syndication and a wide range of capital market activities.

Waled Al Mokarrab Al Muhairi, Deputy Group CEO of Mubadala, said: We are confident that this platform will give Mubadala access to a pipeline of attractive investment opportunities and take advantage of global changes in the execution of corporate finance. “

“Apollo Capital Solutions works with investment experts across the company to directly initiate and build flexible financing. Additional capital commitments from Mubadala enable larger, faster trading across asset classes. We look forward to it, “said Apollo partner Craig Farr. Head of Apollo Capital Solutions. “The ability to act as a priority counterparty benefits both corporate borrowers and investors by increasing its relevance to the financial ecosystem.”

Apollo’s key investment team, capital solutions business, and flexible and lasting capital base combine to contribute to the company’s ability to increase its originality and provide investors with excess yields.

The growing partnership is based on Apollo’s other relationships and activities in the UAE, including the recently announced $ 1.4 billion fund investment in Aldar Properties and a long-term joint venture with ADNOC.

read: United Arab Emirates Alder receives $ 1.4 billion investment from Apollo Global Management

https://gulfbusiness.com/abu-dhabis-mubadala-and-apollo-expand-partnership/ Abu Dhabi’s Mubadala and Apollo expand partnership

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