Citigroup and Apollo Launch $25 Billion Private Credit Initiative
Thursday, 26 September 2024, 10:06
Enhancing Corporate Lending Access
Citigroup (NYSE:C) and Apollo Global Management have joined forces in an ambitious effort to broaden corporate lending access through a $25 billion private credit program. The program is set to launch in North America, with potential plans for expansion based on market demand.
Key Highlights of the Program
- $25 billion investment initiative
- Targets large cap companies seeking private credit
- Partnership between Citigroup and Apollo aims to boost direct lending
This collaboration is expected to reshape the funds available for corporations, addressing their financing needs amidst fluctuating market conditions.
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