Home / Business and Economy / Apollo Launches €10B European Credit Platform
Apollo Launches €10B European Credit Platform
2 Nov
Summary
- Apollo established a €10 billion European credit platform.
- The platform targets growing demand for private financing.
- Investors include Abu Dhabi Investment Council and Standard Chartered.
Global asset manager Apollo has initiated a significant €10 billion European credit platform, named the European Credit Company (ECC). This launch addresses the escalating demand for private financing solutions within Europe. The platform is poised to offer corporate and asset-backed lending to a diverse range of entities, including companies, sponsors, and real asset owners.
ECC's establishment reflects the substantial growth in private credit funds, with projections indicating assets under management could surpass $2 trillion by 2026. Key international investors have backed this initiative, including the Abu Dhabi Investment Council, European insurer Athora, Japan's Norinchukin bank, UK's Standard Chartered, and US firm Aranda.
The European Credit Company operates with a presence in Frankfurt, Jersey, London, Luxembourg City, and Milan. Led by CEO Giacomo Petrobelli and Chairman Christian Meissner, ECC aims to leverage global capital pools to support Europe's long-term growth agenda. This endeavor capitalizes on a generational opportunity to finance critical European investments.
