UAE - Mubasher: Apollo, the New York Stock Exchange (NYSE)-listed asset manager, and Mubadala Investment Company (Mubadala) have expanded their partnership to benefit from global organisation opportunities.
Under their partnership, both companies cooperated in several strategic initiatives across Apollo's platform, according to a press release on Tuesday.
This step will enable Apollo to enter into transactions across different asset classes and strengthen product capabilities to support its Capital Solutions business.
Apollo expects this relationship will meet its five-year origination target and support other goals announced at its Investor Day.
Apollo's CEO, Marc Rowan, said: "At Apollo, we have long been a solutions provider to large issuers in credit, and now through this expanded partnership and our growing Capital Solutions business, we continue to better position ourselves to serve clients across the capital structure."
Meanwhile, Mubadala’s Deputy Group CEO, Waleed Al Mokarrab Al Muhairi, commented: "The two organisations have a long-standing and mutually beneficial partnership, driven by shared investment philosophies and underscored by Mubadala's support to further enhance the Apollo Capital Solutions platform."
