Apollo closed Apollo Origination Partnership Fund II (AOP II) with approximately $4.8 billion of investable assets. This brings total assets raised for the Apollo large cap direct lending business to approximately $13.3 billion in just over 12 months, inclusive of the AOP II close and other product formats providing access to Apollo’s direct lending franchise.
“AOP II seeks to provide investors with a differentiated approach to corporate and sponsor direct lending,” Jim Vanek, credit partner of Apollo, said. “The convergence of public and private credit markets continues to create tremendous demand for scaled direct lending solutions led by a single counterparty who can offer price and execution certainty to borrowers.”
“We believe that Apollo’s decades-long history and expertise investing in corporate credit, as well as the incumbency and broad reach of our credit platform, make us uniquely situated to lead in this growing market,” John Zito, deputy chief investment officer of credit for Apollo, said. “Platforms with scaled and diversified sources of capital are well positioned to meet the increasing needs of large companies.”
Paul, Weiss, Rifkind, Wharton & Garrison represented Apollo in connection with the closing of Fund II.
