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Apollo Seeks $10 Billion From Insurers With Complex Debt Vehicle
Insurance Journal· 2025-09-18 11:54
Apollo Global Management Inc. is set to use a rare structure to raise $10 billion from insurers, people with knowledge of the matter said, in the latest illustration of the increasing ties between private capital and annuity providers.The New York-listed firm is employing a special purpose vehicle in order to sell highly rated debt against stakes in a range of its credit funds, said the people, who requested anonymity as the matter is private. These include direct lending, asset-based finance, hybrid capita ...