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Apollo, ATLAS SP and BNP Paribas Announce $5 Billion Strategic Collaboration

Sep 20, 2024•over 1 year ago

Contract Type

partnership

New YorkFinance

Description

Apollo (NYSE: APO), ATLAS SP Partners (“ATLAS”), the warehouse finance and securitized products business majority owned by Apollo funds, and BNP Paribas, the European Union’s leading global bank, have announced a strategic financing and capital markets collaboration. Under the terms of the collaboration, BNP Paribas will make a significant day-1 financing commitment of $5 billion which is expected to increase over time. The commitment supports investment-grade, asset-backed credit originated by Apollo and ATLAS, alongside a capital markets collaboration to support securitizations sourced by Apollo and ATLAS issuer clients.

Company Information

Company

Apollo Funds

Location

New York, New York, United States

About

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months