“This is a win-win arrangement,” Zelter said, highlighting the scalability and capital efficiency of the program.
Citi and Apollo $25B Private Credit Program : Potential for Expansion Beyond $25B
The initial size of the program is set at $25 billion, but both companies see potential for growth depending on demand. Citi’s Viswas Raghavan, head of banking and executive vice chair, described the venture as a way to offer innovative financing solutions and meet clients’ evolving strategic goals.
Participation from Mubadala and Athene
Apollo’s strategic partner, Mubadala Investment Co., and its subsidiary Athene, will also have opportunities to join the initiative, aligning their investments based on their mandates.
The program is expected to meet strong client demand and could expand further as both firms remain flexible in its execution.
