10 stories this week 82 in all, from the Private Credit desk.
Apollo and other new minority shareholders expect to commit an aggregate $5 billion to the manager's strategies at an initial close.
$5BAggregate commitment from Apollo and new minority holders · Alternative Credit Investor
Chris Rust and Lei Lei join as co-heads; the partnership is intended to support completion of the Ninety One European Credit Opportunities Fund 1.
Remaining 4% plan to adopt within 12 to 18 months; Allvue's Brad Small says AI could let a deal team screen 10 opportunities in the time of one.
Pensions, sovereign wealth funds and other institutions backed the fund, which had close to $2bn deployed at close.