Reported 4 months ago
Apollo Global Management's Scott Kleinman predicts that the company will engage in more agreements similar to the $11 billion joint venture with Intel Corp., as businesses seek innovative ways to meet their increasing capital needs. Kleinman mentioned at the SuperReturn International conference that the demand for capital is substantial due to advancements in technology, diversification, and the energy transition, emphasizing the role of private credit in fulfilling these requirements. Apollo, a major alternative asset manager with plans to double its private credit origination to $200-$250 billion, is focused on contributing to companies across various sectors to address their funding necessities amidst challenging dealmaking conditions in the private equity industry.
Source: YAHOO