Citi joins hands with Apollo
Citi and Apollo ink latest financial alliance as private-credit deals explode
Citi and Apollo will handle loan portfolio with capital from insurance annuity company Athene and Abu Dhabi’s Mubadala Investment Co.
Citi and Apollo Introduce $25 Billion Private Credit, Direct Lending Program
Citigroup Inc. (NYSE: C) and Apollo (NYSE: APO) announced that they have entered into an exclusive agreement for a subsidiary of Citi.
Citi joins hands with Apollo for $25 billion private credit program
Citigroup and Apollo Global have partnered for a $25 billion private credit and direct lending program, illustrating a growing alliance between banks and non-banks looking for a slice of the lucrative $2 trillion market.
Citi joins hands with Apollo for $32b private credit programme
The programme can expand to more geographies and stretch beyond the US$25 billion target. Read more at straitstimes.com.
Citigroup And Apollo Team Up For $25B Private Credit, Direct Lending Program
Citi and Apollo said that they "expect strong client demand and maintain the flexibility to significantly expand the size of the program beyond the initial $25 billion."
Citi, Apollo In Deal To Form $25 Bln Private Credit, Direct Lending Program
Banking major Citigroup Inc. (C) and alternative asset manager Apollo Global Management (APO) announced Thursday that they have
Citi and Apollo Announce $25 Billion Private Credit, Direct Lending Program
Citigroup Inc. (NYSE: C) and Apollo (NYSE: APO) today announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit,
Wall Street Private-Credit Detente Reaches Apollo, Citi
The once-frosty relationship between private lenders and banks is thawing, as evidenced most recently by Apollo Global Management Inc.'s $25 billion venture with Citigroup Inc., Bloomberg's Sonali Basak says.
Apollo is ready to dance on banking’s grave
A generation ago that champion was Citi, the financial supermarket if not superpower. The towering edifice constructed by ...
Deal Watch: Are Only 'A Handful' of Law Firms Positioned Well After Citi-Apollo Partnership?
"Syndicated option or private credit, you need a firm that can handle either in every iteration," said one dealmaker.
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Apollo, State Street Strive to Prove Private-Debt ETFs Can Work
The fund, called the SPDR SSGA Apollo IG Public & Private Credit ETF, still needs to win regulatory approval from the SEC.
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Citi joins hands with Apollo for $25 bln private credit program
Abu Dhabi sovereign wealth fund Mubadala Investment Company and Apollo's annuity and retirement services unit, Athene, will also participate in the program, the companies said on Thursday.
Citi price target raised to $86 from $79 at Morgan Stanley
Morgan Stanley raised the firm’s price target on Citi to $86 from $79 and keeps an Overweight rating on the shares. Rate cuts ...