Apollo launches €10 billion European credit platform

Apollo Launches €10 Billion European Credit Platform to Boost Private Lending

Overview of Apollo's New European Credit Platform

LONDON, Nov 2 (Reuters) - Global asset manager Apollo launched a €10 billion ($11.2 billion) European credit platform on Monday, targeting growing demand for private financing as the continent boosts investment in defence, energy and infrastructure.

Key Features of the European Credit Company (ECC)

• The platform, European Credit Company (ECC), will provide corporate and asset-backed lending to companies, sponsors and real asset owners, Apollo said in a statement

Growth in Private Credit Funds

• The platform is the latest example of a boom in private credit funds, with rating agency Moody's predicting assets under management exceeding $2 trillion in 2026 and approaching $4 trillion by 2030

Major Backers and Geographic Presence

• ECC is also backed by sovereign wealth fund Abu Dhabi Investment Council, European insurance group Athora, Japanese bank Norinchukin, UK-based Standard Chartered and US alternative investment firm Aranda

• ECC has a presence in Frankfurt, Jersey, London, Luxembourg City and Milan, Apollo said

Leadership and Strategic Vision

Executive Team

• The platform will be led by Chief Executive Officer Giacomo Petrobelli and Chairman Christian Meissner and work with the larger Apollo franchise, the statement said

Long-Term Growth Agenda

Statement from CEO Giacomo Petrobelli

• "The formation of ECC is driven by a generational opportunity to mobilise global pools of capital to finance Europe’s long-term growth agenda," Petrobelli said in the statement($1 = 0.8948 euros)

Reporting Credits

(Reporting by Muvija M; Editing by Xevi Fontdegloria)