2023-03-29 07:51:07 ET
- Apollo Global Management ( NYSE: APO ) said Wednesday an investment partnership it participates in in Italy will be expanded and give it access to larger transactions on an opportunistic basis.
- The Apollo Delos platform, a partnership between funds managed by Apollo Global Management ( APO ) affiliates and Italian firm Apeiron Management, focuses on special situations and corporate credit in Italy. Since it was formed in February 2018, Apollo ( APO ) Funds have deployed more than EUR 470M ($511M) in Italy across investments in corporate debt, receivables, special situations, insolvency compositions and other stressed and distressed assets.
- The platform will be increased by EUR 150M ($163M) with immediate effect, and Apollo Funds ( APO ) can invest in larger Apeiron transactions.
- Apeiron will continue to target credit opportunities in Italy with a focus on corporate borrowers and special situations across the capital structure with the increase in capital, the companies said. In addition, Apeiron has made key hires in its investment team to address the opportunities.
- SA contributor Alexander Steinberg digs into what Silicon Valley Bank's collapse means for Brookfield Asset Management ( BAM ) and Apollo ( APO ) .
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Apollo Global, Apeiron expand Italian investment partnership