Apollo partners with Hostplus to launch $1.25 billion Asia Pacific Credit Strategy
22 Junho 2022 - 6:25PM
Apollo (NYSE: APO) today announced the formation of an Asia Pacific
Credit Strategy in strategic partnership with Hostplus, one of the
five largest superannuation funds in Australia. The new strategy
launches with US$1.25bn in assets, following an inaugural raise
that includes a $500 million anchor commitment from Hostplus
alongside Apollo’s internal and affiliated insurance balance
sheets. The dedicated strategy brings Apollo’s global credit
platform together with local expertise to capitalize on growing
demand for private credit across Asia Pacific, providing companies
and sponsors with flexible and bespoke solutions.
The Asia Pacific Credit Strategy is designed to leverage
Apollo’s credit expertise and differentiated asset origination to
source high-quality opportunities across the yield spectrum. Today,
Apollo has more than $10 billion1 of assets under management
invested in the region and a growing team of nearly 60 investment
professionals. Last year, Apollo appointed Partner Matt Michelini
as Head of Asia Pacific, now based in Singapore, and hired an
Australia-based credit team led by Partner Anthony Hermann, among
other key additions.
Apollo Co-President Jim Zelter said, “This strategy is a natural
extension of our global credit capabilities and reflects growing
demand in the region for flexible, expedient capital solutions from
non-bank lenders. We are pleased to launch Asia Pacific Credit in
alignment with our long-term partners at Hostplus, who share in our
disciplined investment philosophy.”
Hostplus CEO David Elia commented, “We are delighted to extend
our 13-year relationship with Apollo, one of the leading global
credit managers. This launch is part of our broader investment
strategy to help to further diversify our investment portfolio to
protect and grow our member investments over the long-term. Credit
plays an important role in our strategic asset allocation to ensure
we spread investment risk and help stabilize our investment
portfolio, smoothing the ups and downs of investment market
cycles.”
“We continue to make tremendous progress building our team and
capabilities across Asia Pacific to serve the growing credit needs
of companies in the region,” said Matt Michelini, Apollo Partner
and Head of Asia Pacific. “This new strategy seamlessly combines
our global capital base and ability to provide large-scale,
differentiated, cross capital structure solutions with local
expertise and origination.”
The Asia Pacific Credit Strategy will focus geographically on
Australia, India, Singapore, South Korea and Hong Kong, with select
deployment across other parts of the region. Launch of the strategy
follows increasing investment activity in APAC for Apollo.
Recently, Apollo-managed credit funds provided a comprehensive,
US$750 million financing for Mumbai International Airport Ltd., one
of the largest-ever private placements in India. Apollo also helped
to structure and made a cornerstone investment in a A$150 million
sustainability-linked note issuance for Ampol in Australia, with
targets that included carbon-emission reductions and installation
of EV charging points supported by 100% renewable energy.
In addition to increased investment opportunities in the region,
Apollo continues to grow its partnership with key Asian and
Australian investors. Since 2017, Apollo has raised more than $22
billion from institutional investors in the region.
About ApolloApollo is a high-growth, global
alternative asset manager. In our asset management business, we
seek to provide our clients excess return at every point along the
risk-reward spectrum from investment grade to private equity with a
focus on three investing strategies: yield, hybrid, and equity. For
more than three decades, our investing expertise across our fully
integrated platform has served the financial return needs of our
clients and provided businesses with innovative capital solutions
for growth. Through Athene, our retirement services business, we
specialize in helping clients achieve financial security by
providing a suite of retirement savings products and acting as a
solutions provider to institutions. Our patient, creative, and
knowledgeable approach to investing aligns our clients, businesses
we invest in, our employees, and the communities we impact, to
expand opportunity and achieve positive outcomes. As of March 31,
2022, Apollo had approximately $513 billion of assets under
management. To learn more, please visit www.apollo.com.
About Hostplus Hostplus has grown to be one of
the largest industry super funds in Australia. With over 1.5
million members, more than 250,000 employers and $89 billion in
funds under management (as at 20 April 2021), our scale and ongoing
growth allows for low member costs and a broad range of investment
opportunities. To learn more, please visits
www.hostplus.com.au.
Contacts
Apollo
Noah GunnGlobal Head of Investor
Relations212-822-0540IR@apollo.com
Joanna RoseGlobal Head of Corporate
Communications212-822-0491Communications@apollo.com
Hostplus
Nathan Motton+61 447 771 882media@hostplus.com.au
1 APAC-based assets as of 3/31/22 with pro forma inclusion of
commitment to Mumbai International Airport Ltd.
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