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Apollo Global Management plans to spend approximately $350 million to strengthen private credit trading

Bloomberg · ·by G4L

APO Apollo Global Management Inc
$122.74 +0.44%
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  1. 1Apollo Global Management plans to spend approximately $350 million to strengthen private credit trading.
  2. 2During a call following the third-quarter earnings release, Apollo began disclosing the estimated daily value of its $850 billion credit business assets starting last month.
  3. 3Apollo expects its projected transaction volume to exceed $40 billion by the end of the year.

So what's the key point?

Apollo Global Management plans to spend $350 million to grow its credit trading. This is a move to strengthen the business by increasing the scale of its transactions.

Source Bloomberg · View original ↗

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