LendingTree, an online financial services marketplace, secured up to $175 million in financing in the form of a first lien term loan facility from funds managed by Apollo affiliates.
Trinseo, a specialty material solutions provider, obtained $1.077 billion in aggregate principal amount of secured term loan financing arranged by Angelo, Gordon & Co and Oaktree Capital Management, with funds managed by Angelo Gordon, Oaktree and Apollo Global Management as lenders.
Apollo’s asset-backed finance franchise and ATLAS SP Partners received cornerstone capital commitments from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
Apollo named Jon Beizer and Josh Brody CEO and president, respectively, of recently established Cadma Capital Partners, a credit financing platform for the venture ecosystem backed by Apollo-affiliated entities.
Apollo named Tatsuo Tanaka Japan chair of the company. Tanaka is a 50-year veteran of the banking and finance industry in Japan, most recently serving as chairman of Citigroup Japan.
Apollo completed several transformative changes which reinforce the company’s position as a senior secured middle market business development company.
Apollo formed an Asia Pacific credit strategy in a strategic partnership with Hostplus. The new strategy launches with $1.25 billion in assets, following an inaugural raise that includes a $500 million anchor commitment from Hostplus alongside Apollo’s internal and affiliated insurance balance sheets.
Apollo agreed to acquire Cardenas Markets, a grocery retailer focused on serving the Hispanic community, from investment funds affiliated with KKR, a global investment firm.
Apollo launched a comprehensive sustainable investing platform focused on financing and investing in the energy transition and decarbonization of the industry. Olivia Wassenaar will lead Apollo’s sustainable investing platform.
Apollo Debt Solutions BDC launched with more than $1 billion in assets under management. The fund, which invests primarily in directly originated assets, is managed by an affiliate of Apollo.