BNP Paribas & Apollo Seal $5bn Investment Deal
BNP Paribas partners with private equity giant Apollo for a landmark $5bn investment, reshaping the financial landscape. Discover the details.
In a noteworthy development within the financial sector, Apollo, a prominent player in the realm of warehouse finance and securitized products—primarily owned by Apollo funds—has entered into a strategic alliance with BNP Paribas. This collaboration, which also involves ATLAS, was formally announced on September 20, 2023, and is poised to reshape the landscape of capital markets financing.
BNP Paribas has pledged a substantial day-one financing commitment of $5 billion, a figure that is anticipated to escalate over time. This commitment is designed to bolster investment-grade, asset-backed credit that is originated by Apollo and ATLAS. Furthermore, the partnership aims to enhance capital market activities, particularly in the realm of securitizations sourced from clients associated with Apollo and ATLAS.
The synergy between these entities is not entirely new; in 2022, Apollo, in conjunction with its subsidiary Athene, and BNP Paribas unveiled a strategic relationship through the establishment of Eliant Inventory Solutions LP. This innovative platform is dedicated to providing flexible financing solutions tailored to meet the working capital and supply chain requirements of various market participants.
Apollo stands as a high-growth, global alternative asset manager, boasting approximately $696 billion in assets under management as of June 30, 2024. Meanwhile, ATLAS SP operates as a global investment firm, offering stable capital, financing, advisory, and institutional products to market participants in search of innovative and bespoke structured credit and asset-backed solutions.
BNP Paribas, a stalwart in international banking, extends its operations across 63 countries and employs nearly 183,000 individuals, with over 145,000 of those based in Europe. This collaboration not only signifies a strategic maneuver in the financial arena but also underscores the increasing complexity and interconnectivity of global financial markets.
BNP Paribas & Apollo Seal $5bn Investment Deal
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