Corporate Credit
Our Approach
Apollo is active across private and public corporate credit markets, providing a comprehensive suite of financing solutions across the credit return spectrum.
Our scale and expertise have helped us become a financing partner of choice for companies of all stripes - from large, investment grade corporations to sponsor-backed businesses to third-party lending platforms. Our ability to act as a flexible and reliable solutions provider to large corporates has made large-cap direct lending one of the fastest growing areas of our platform.
Apollo Corporate Credit
Lending across public and private opportunities
Direct Lending
Investment Grade & High Yield Bonds
Broadly Syndicated Loans
Preferred Equity
Private Credit: Potential Benefits
Direct loans and other private solutions can be executed with greater speed and price certainty as compared to traditional financing markets.
Issuers can negotiate bilaterally with one or a handful of lenders.
Private credit can provide structurally sophisticated solutions that are distinct from those offered in the broadly syndicated market.
Our Focus as Lenders
Strong Credit Fundamentals
Downside Protection
Typically Senior, Secured
Our Attributes
Broad, Global Relationships
Proprietary Origination
Long-Term Alignment
Scaled, Diverse and Stable Capital
Active across Private and Traditional Markets, Asset Types and Sectors
Investment Strategies
Direct Lending
- Large corporate direct origination
- First lien and unitranche
- Strong credit documentation
- Seeks illiquidity premium in private markets
Multi-Asset Credit
- Multi-sector credit across public and private markets
- Targets strong credit fundamentals
- Expansive opportunity set with limited overlap to traditional fixed income portfolios
- Semi-liquid credit
Opportunistic
- Dislocation and event-driven opportunities
- Opportunistic hybrid solutions
- Active across public and private markets
- Seeks outsized alpha generation, low correlation to traditional asset classes over a credit cycle
Related Insights
Demand booms for low-liquidity, higher-return credit assets, Marc Rowan says
The buoyant demand for corporate debt that propped up primary markets this year came alongside pockets of distress in the riskier parts of the market. We expect this divergence to persist through 2024. In this outlook, we’ll explore the bifurcation in the market, investment themes—from AI to elections—in opportunistic credit, the vanishing liquidity premium in investment grade debt, and the relative value of BDC’s unsecured debt.
Capital markets have, in our view, entered a new regime of higher volatility that can create attractive opportunities for investors who add flexibility to private credit portfolios. An opportunistic approach can lead to more diversified portfolios and higher risk-adjusted returns. We see attractive opportunities in private corporate credit, asset-backed finance, and dislocated credit.
