Apollo Global Management launches a $790M private credit fund with Mubadala Investment Co., waiving fees for the first 2 years.
Apollo Global Management launches a new private credit fund, seeded by Mubadala Investment Co., with no fees during the first year and half fees waived in the second year. The fund, structured as a business development company, has over $790M in assets, with contributions from Mubadala and an Apollo affiliate totaling more than $290M. This fund is part of an existing partnership between Apollo and Mubadala, the Abu Dhabi sovereign wealth fund.
March 19, 2024
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