Apollo Global Management sees private credit as a $40 trillion asset class, extending beyond direct lending to include real estate debt and ABS. The firm plans to focus on AI infrastructure financing, origination, and multi-channel distribution, aiming to raise Fund XI of $22-25 billion. President Jim Zelter outlined the firm’s strategic priorities and views on the macro environment, emphasizing the shift towards non-bank financing. Zelter highlighted the evolution of private credit and Apollo’s role in providing capital solutions across investment-grade and non-investment-grade markets. He discussed the potential compression of spreads in private credit markets and Apollo’s strategic advantage in offering bespoke value. Zelter also mentioned Apollo’s focus on private wealth expansion and its fundraising efforts for Fund XI, expressing confidence in raising $22-25 billion. He emphasized Athene’s growth prospects and the retirement crisis in the U.S., citing demand for guaranteed income solutions. Apollo Global Management specializes in private equity, credit, and real assets, offering investment management services to institutional and individual investors across various strategies. The firm focuses on distressed and opportunistic credit, direct lending, structured credit, buyouts, and real estate investments.

Read more at Yahoo Finance: Apollo Global Management Touts $40T Private Credit Opportunity, AI Financing and Fund XI at BofA Conference