00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Apollo Global Management has launched a European private credit platform
00:06with more than $11.2 billion in lending capacity, according to CNBC.
00:12The European credit company is backed by several major investors,
00:16including the Abu Dhabi Investment Council, Standard Chartered, and Japan's Norinchukin Bank.
00:22The platform will provide corporate and asset-backed lending,
00:25along with financing for infrastructure and real estate.
00:28Apollo says the venture aims to capitalize on growing financing needs across Europe,
00:33including energy, defense, and digital infrastructure.
00:37The launch comes one week after Apollo agreed to acquire a nearly 10% stake in Mubadala Capital,
00:43a subsidiary of Abu Dhabi's sovereign wealth fund.
00:46For all things money, visit benzinga.com.
