Citigroup, Apollo Partner For $25B Private Credit Program, Expanding Corporate Lending Access
Portfolio Pulse from Lekha Gupta
Citigroup and Apollo Global Management have partnered to create a $25 billion private credit program, enhancing corporate lending access. The program will start in North America and may expand globally, involving Mubadala Investment Company and Apollo's subsidiary, Athene.
September 26, 2024 | 5:06 pm
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POSITIVE IMPACT
Apollo Global Management collaborates with Citigroup to establish a $25 billion private credit program, increasing its origination flow and leveraging Citi's client relationships.
Apollo's partnership with Citigroup is expected to increase its origination flow and leverage Citi's extensive client relationships, likely benefiting Apollo's business and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Citigroup partners with Apollo to launch a $25 billion private credit program, enhancing its corporate lending capabilities and client offerings.
The partnership with Apollo is a significant strategic move for Citigroup, enhancing its corporate lending capabilities and potentially increasing its client base. This is likely to have a positive impact on Citigroup's stock in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
First Trust Nasdaq Bank ETF provides investors access to Citigroup, which is involved in a significant $25 billion private credit program with Apollo.
FTXO includes Citigroup, which is directly involved in a major partnership with Apollo. This could positively impact the ETF's performance as Citigroup's stock may rise.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Series Portfolios Trust InfraCap Equity Income Fund ETF provides exposure to Citigroup, which is part of a $25 billion private credit initiative with Apollo.
ICAP includes Citigroup, which is involved in a significant partnership with Apollo. This could positively affect the ETF's performance as Citigroup's stock may benefit from the news.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50