Reported 17 days ago
Apollo's Atlas SP has established a new subsidiary, Atlas Warehouse Lending Company, which has received investment-grade credit ratings from Moody's, S&P, and Fitch. The unit will focus on providing temporary financing for loans that are bundled into bonds, aiming to increase its portfolio to $30 billion over two years. Recent capital raises include $5 billion from BNP Paribas and Massachusetts Mutual Life Insurance Co., positioning Atlas as a key player in Apollo's strategy to build a competitive credit business.
Source: YAHOO