Telco and retailer gap wider as PE firms circle
Telecom Italia is one of the Monday credit market's biggest underperformers, in an otherwise finely poised start to the week

Apollo poaches private debt secondaries head from Tikehau
Apollo Global Management has poached Tikehau's private debt secondaries head, five months after launching a $1 billion platform in May

Credit funds at a glance (October 2021)
A round up of fundraising and people moves in credit

Credit funds at a glance (July 2021)
A round up of fundraising and people moves in credit

Tranche trader leaves Apollo for sell side
BNP Paribas has filled a gap in its structured credit trading group with the hire of an index tranche market maker

Apollo pledges $500 million to Victory Park's growth ABL e-commerce strategy
Apollo Global Management says it has committed up to $500 million to Victory Park Capital’s growth lending strategy, which will focus on asset-backed lending to Amazon and e-commerce aggregators

LP round up: big name managers win direct lending mandates amid $1.5 billion allocations
Apollo, Ares, Barings and CVC were among the beneficiaries of the direct lending rush in May 

Credit funds at a glance (June 2021)
A round up of fundraising and people moves in credit

Apollo establishes $1 billion credit secondaries platform
Apollo says it formed the platform to capitalise on the explosive growth of private credit, as well as addressing related liquidity or portfolio needs from underlying investors

Credit fundraising: ESG centre stage as capital pours into new strategies
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds

Apollo holds $2.34 billion final close on latest credit dislocation fund
Apollo Global Management has held a $2.34 billion final close on its latest flagship dislocated credit fund, Apollo Accord Fund IV

Apollo credit assets rocket 50% with anticipated fundraising hike after Black investigation
Apollo Global Management's credit assets rocketed 52% over 2020 to $329 billion - and the firm predicts third-party fundraising to “build significantly” in the first quarter, following the conclusion of Dechert's investigation into chief executive officer Leon Black

Apollo names successor CEO as Black steps down
The announcement that Leon Black will step down from leading the firm comes on the heels of law firm Dechert’s independent review of his working relationship with convicted sex offender Jeffrey Epstein

LP round up: $2.8 billion flows to credit as Apollo concedes fundraising may slow
Florida Retirement System Trust Fund made the largest commitments allocating $1.6 billion. Apollo meanwhile acknowledged a potential slowdown in fundraising as investors await results on an independent review into CEO Leon Black's relationship with Jeffrey Epstein

WTW to tackle lack of diversity across investment industry
Progress on diversity across the investment industry is “disappointingly slow”, according to research from Willis Towers Watson

Apollo appoints head of credit valuations from sell-side
Apollo has appointed a head of credit valuations, as its previous head of credit valuations has transitioned internally to cover private equity valuations

Sovereign wealth funds empower direct lenders
Sovereign wealth funds are turning toward the booming private credit market, with three massive partnerships formed this year

Credit fundraising: managers build homes for real estate credit funds
The “largest ever real estate credit fund” was one of the fundraising highlights last month as Blackstone’s Real Estate Debt Strategies IV fund reached $8 billion on its final close

Apollo launches another hybrid debt-equity value fund
Apollo's hybrid value strategy has the ability to invest in both credit and equity, focusing on capital solutions, structured equity and non-control stressed and distressed investments.

Apollo appoints head of leadership development and diversity
Apollo Global Management is taking steps to improve diversity at its leadership level

Apollo plans multi-billion dollar follow up to credit dislocation fund
A few large managers have launched credit dislocation funds, but Apollo could be unique in fundraising for its second since the coronavirus pandemic

LP round up: pension creates private credit bucket as Florida eyes 'best distressed opportunity ever'
There was no slowdown in credit allocations last week, wrapping up what has been an extremely busy July. $1.4 billion has been allocated to credit, it has emerged over the last seven days, according to board documentation seen by Creditflux.

Apollo joins forces with Mubadala for big direct lending deals
Apollo Global Management has launched a ‘large scale direct lending’ platform, which it says is anchored by Abu Dhabi’s Mubadala Investment Company

LP round-up: Champaign pension raises a glass (or bucket) to private credit
Institutional investors allocated over $600 million to 11 managers this week, according to board documentation seen by Creditflux

Apollo collects $1.75 billion for dislocation fund in two months
Apollo Global Management has taken eight weeks to raise $1.75 billion for a dislocation credit fund, Apollo Accord Fund III B