Apollo Global Management has launched a European private credit platform with more than 10 billion euros ($11.2 billion) of lending capacity, backed by several blue-chip investors, including the Abu Dhabi Investment Council (ADIC). The European Credit Company will invest in performing credit across the large and mid-market sectors, including corporate and asset-backed lending, as well as lending to real-asset owners in infrastructure and real estate. The venture is led by Giacomo Petrobelli, serving as chief executive officer, and Christian Meissner, its chairman. Petrobelli said Apollo's ECC aims to capitalize on a "generational opportunity" to finance Europe's long-term growth agenda using global pools of capital.
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