Market Insight | Overheard at Apollo
June 13, 2023
Overheard @ Apollo: Hybrid Public-Private Financings
“I expect hybrid [public-private] financings to become a more frequent feature of the European market… we think deals like this will offer a model for increased partnership going forward.”
On the latest episode of Overheard @ Apollo, we hear from Co-Head of European Credit Tristram Leach about Apollo-managed credit funds' recent commitment to help finance Asda’s acquisition of EG Group’s UK assets and the opportunities for more hybrid private-public financing structure
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“Ultimately we do believe that there is a convergence occurring in terms of public market exposure and private, and that private plays a role as a replacement for a portion of both fixed income and equity allocation.”
Apollo believes Investment Grade Private has the potential to generate attractive risk-adjusted returns but has been overlooked because it doesn’t fit neatly into the current asset allocation framework.
