Jim Zelter, co-president of Apollo Global Management, made a stealth visit Down Under earlier this month.Apollo’s got a new Asia Pacific credit strategy that Melbourne superannuation fund Hostplus is anchoring with a US$500 million cheque after investing with it for 13 odd years.
The new strategy launched this week with US$1.25 billion to plough into private credit deals in Australia, India, Singapore, South Korea, Hong Kong and in other countries in the region. As Street Talk noted on Wednesday, Apollo has dipped into the odd deal in Australia but hasn’t gone all out on building a local team or popping up at every other sizeable auction. As its statement on the new fund reminded anyone reading, it did help structure and cornerstone Ampol’s $150 million sustainability-linked note.included its Singapore-based partner in hybrid Gaurav Pant and Hong Kong private equity team’s Aram Choe.
co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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