Apollo Global Management and Mubadala Investment Company have extended their multi-billion-pound partnership, reinforcing Apollo’s Capital Solutions division and enhancing its ability to identify diverse investment opportunities.
Established in 2022, this partnership addresses rising global demand for bespoke private debt and equity financing. Over recent years, Apollo and Mubadala have collaborated on numerous high-profile projects. Jim Zelter, co-president of Apollo, remarked on the strength of the relationship, expressing a commitment to expanding investment opportunities that offer strong risk-adjusted returns in response to unprecedented demand for large-scale, tailored capital solutions.
With the extension, both firms will use Apollo’s origination platform to meet growing demand for customised financing in sectors like clean energy, power, utilities, and digital infrastructure. Omar Eraiqaat, Deputy CEO of Mubadala’s Diversified Investments platform, highlighted the firms’ aligned investment philosophies and Mubadala’s strategic role in Apollo’s expansion. This partnership reflects a broader trend as more firms turn to private markets rather than traditional public financing.
At its 2024 Investor Day, Apollo set an ambitious target of $275B in annual origination over the next five years, aiming to address the needs of large corporate borrowers. Eric Needleman, head of Apollo Capital Solutions, noted Mubadala’s vital support for Apollo’s mission to capitalise on the global trend toward private financing.
Recent initiatives include a $2.5B joint venture in private credit and the launch of Middle Market Apollo Institutional Private Lending. In 2023, Apollo invested in Mubadala’s evergreen solutions, further strengthening their global investment presence. Fabrizio Bocciardi, head of Credit Investments at Mubadala, highlighted the long-standing, mutually beneficial relationship, emphasising the partnership’s expansion across private debt asset classes over more than nine years.
