Apollo Global Management’s $12 Billion Direct Lending Platform

Paul, Weiss, Rifkind, Wharton & Garrison advised Apollo Global Management, Inc. on the deal.

Apollo Global Management, Inc. completed the formation of Apollo Strategic Origination Partners, a new direct lending origination platform expected to provide approximately $12 billion in financings over the next three years.

The partnership is anchored by Mubadala Investment Company and certain permanent capital vehicles managed by Apollo.

Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for its shareholder, the Government of Abu Dhabi. Mubadala’s US $229 billion portfolio spans five continents with interests in multiple sectors including aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, petrochemicals, utilities, healthcare, real estate, pharmaceuticals and medical technology, agribusiness and a global portfolio of financial holdings across all asset classes.

Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had assets under management of approximately $316 billion as of March 31, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources.

The Paul, Weiss team advising Apollo included corporate partners Matthew Goldstein (Picture) and Marco Masotti and counsel David Levine and Philip Heimowitz.

Involved fees earner: Matthew Goldstein – Paul Weiss Rifkind Wharton & Garrison; Philip Heimowitz – Paul Weiss Rifkind Wharton & Garrison; David Levine – Paul Weiss Rifkind Wharton & Garrison; Marco Masotti – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Apollo Global Management;

Author: Ambrogio Visconti