Apollo Global Management partners with five banks, including JPMorgan Chase & Co. and Goldman Sachs Group, to trade private credit.
The collaboration aims to syndicate investment grade debt on a larger scale, enabling Apollo to originate larger loans and assist clients in redeeming investments more frequently.
The private credit market is flourishing, providing capital to underserved borrowers like small firms seeking funding from traditional channels.
Banks are increasingly involved in the private credit sector, with a focus on building trading desks for this market.