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28.01.26 - 20:12
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Apollo Commercial REIT Sells $9B Book to Insurance Arm (Bloomberg)
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A property lender managed by Apollo Global Management agreed to sell its portfolio to the buyout firm's insurance arm after the publicly listed real estate investment trust consistently traded below its book value. Bloomberg's Patrick Clark discusses the story on 'Bloomberg Markets' with Scarlet Fu. (Source: Bloomberg)...
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27.01.26 - 17:01
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Apollo Took Loss on Asset-Backed Loan Deemed Safe (Bloomberg)
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Apollo Global Management took a loss on a portion of a $170 million asset-backed financing for Amazon brand aggregator Perch that was written off to zero. Silas Brown has more on "Bloomberg Open Interest." (Source: Bloomberg)...
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14.01.26 - 17:57
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KBRA Assigns a Preliminary Rating to MAPS 2026-1 Trust (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns a preliminary rating to the Class A Notes issued by MAPS 2026-1 Trust (MAPS 2026-1), an aviation ABS transaction. MAPS 2026-1 represents the inaugural aviation ABS transaction serviced by Perseus Asset Management Limited (the Company). It is the fourth aviation lease ABS issued under Apollo's aviation finance platform, following three prior transactions completed by Merx Aviation between 2018 and 2021. The Company is part of Apollo Global Management's aviation finance platform, which has a team of over 50 individuals. As of December 31, 2025, the Company owned 78 aircraft on lease to 34 airlines in 27 countries.
Proceeds from the Class A Notes and Class B Notes will be used to acquire a portfolio of 27 assets (the Portfolio); consisting of 25 narrowbody aircraft (85.9% by value) and two widebody aircraft (14.1%) on lease to 17 lessees located in 16 jurisdictions. As of October 31, 2025, the weighted average remaining term of the initial lease ...
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12.01.26 - 12:06
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QXO Upsizes Convertible Preferred Equity Placement to $3 Billion (Business Wire)
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Apollo and Temasek Lead Expanded Capital Commitment to Fund Future AcquisitionsGREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (the “Company” or “QXO”) today announced a $1.8 billion increase to its previously announced $1.2 billion financing led by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”), bringing the total investment in QXO to $3 billion. Apollo, Temasek, and certain other investors have agreed to make the investment through the previously disclosed series of convertible perpetual preferred stock (the “Series C Preferred Stock”). The investment further strengthens QXO's financial flexibility to pursue strategic acquisition opportunities.
Under the investment agreement, the investors have committed to purchase Series C Preferred Stock to fund one or more qualifying acquisitions through July 15, 2026. This commitment will be extended for up to an additional 12 months if a definitive acquisition agreement is executed before the initial ...
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12.01.26 - 11:24
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Jacobs′ QXO Boosts Financing Deal to $3 Billion to Pursue M&A (Bloomberg)
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QXO Inc. is raising another $1.8 billion from investors including Temasek Holdings Pte. to support its acquisition strategy, according to people familiar with the matter, well more than doubling the $1.2 billion financing deal it announced last week with Apollo Global Management Inc....
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09.01.26 - 23:21
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KBRA Assigns Ratings to MidCap Financial Issuer Trust (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns an issuer rating of A-, a senior unsecured debt rating of A-, and a junior subordinated debt rating of BBB to MidCap Financial Issuer Trust, a wholly-owed subsidiary of MidCap FinCo Intermediate LLC ("the company" or "MidCap"), which serves as guarantor of the debt. MidCap is a commercial financial company that provides senior secured debt solutions to companies across multiple industries. The company is headquartered in Bethesda, MD. The ratings Outlook is Stable.
Key Credit Considerations
The ratings reflect MidCap's strong strategic relationship with Apollo Global Management (NYSE: APO or "Apollo"), which provides access to an experienced and expansive platform with approximately $908 billion of assets under management (“AUM”), including $723 million of AUM in credit-related products as of September 30, 2025. Apollo, Athene Holding Ltd, Apollo's insurance subsidiary, and other Apollo affiliates together own...
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06.01.26 - 12:06
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Pluto Launches an AI-Powered Lending Platform to Unlock Liquidity in Private Markets, Backed by Leading Credit Investors (Business Wire)
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The company also announced $8.6 million in seed funding from Motive Ventures, Portage, Apollo, and Hamilton Lane to build AI-powered credit infrastructure that enables financial advisors and their high-net-worth clients to borrow against private equity, venture, and alternative assets without selling.NEW YORK--(BUSINESS WIRE)--Pluto Financial Technologies, Inc. has launched the first AI-powered lending platform purpose built for private markets, backed by Motive Ventures, Portage, Apollo Global Management (NYSE: APO), Hamilton Lane (Nasdaq: HLNE), Tectonic Ventures, and Broadhaven Ventures. Pluto has raised $8.6 million in equity and secured hundreds of millions in lending capacity.
Private markets are booming, with total AUM projected to grow 1.5x in the next five years. Yet these assets largely remain locked up for years, burdened by unpredictable capital calls, scarce secondary options, and steep discounts for sellers. Additionally, borrowing against them has historically been slow, costly, and accessi...
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