Blackstone Credit & Insurance and Aligned Data Centers Expand Financing Partnership, Surpassing $1 Billion in Commitments

Blackstone

NEW YORK, NY and DALLAS, TX – Blackstone Credit & Insurance (“BXCI”) and Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale, AI/HPC, and enterprise customers, today announced the successful upsize of their existing senior secured credit facility to fund Aligned’s continued growth and accelerate its portfolio strategy.  The upsize brings BXCI commitments to Aligned to over $1 billion and is committed entirely by accounts managed by BXCI’s Infrastructure & Asset Based Credit Group.

The expanded financing partnership supports Aligned’s rapid growth and accelerates the development of the company’s planned 5+ GW of future capacity across the Americas. The investment also positions Aligned to better meet surging demand for adaptive, sustainable and future-ready infrastructure supporting next-generation workloads ranging from high-density AI implementation, to cloud, and enterprise applications.

“Our stakeholders are key partners in our journey. We are thankful for their support as we strategically pursue the vast development opportunities driven by AI, cloud, and enterprise services,” said Meghan Baivier, Chief Financial Officer at Aligned. “This issuance is a testament to the market’s confidence in our long-term strategy and the strength of our entire portfolio. It provides us with an efficient capital structure to fuel our long-term growth and continue delivering industry-leading solutions that scale with our customers’ evolving needs.”

“We are thrilled to partner with Aligned, and this financing is consistent with Blackstone’s focus on providing large scale and flexible high-grade capital solutions to support critical digital infrastructure,” said Rick Campbell, Head of U.S. Private High Grade Credit at BXCI.

Alex Zoeckler, Senior Associate, Infrastructure & Asset Based Credit at BXCI, said, “We are grateful to work with the Aligned team and look forward to continuing to support the company’s infrastructure that powers the digital economy.”

Aligned is uniquely positioned to address the growing demand for AI, cloud, and enterprise services, leveraging its history of successful deployments in scalable locations and over a decade of innovation in both air and liquid cooling solutions optimized for the most powerful Graphics Processing Units (GPUs).

About Aligned Data Centers
Aligned Data Centers is a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale, AI/HPC, and enterprise customers. Our intelligent infrastructure allows densification and vertical growth within the same footprint, enabling customers to scale up without disruption, all while maintaining industry-leading Power Usage Effectiveness (PUE). By reducing the energy, water and space needed to operate, our data center solutions, combined with our patented cooling technology, offer businesses a competitive advantage by improving sustainability, reliability, and their bottom line. For more information, visit www.aligneddc.com and connect with us on XLinkedIn and Facebook.

About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Press and Analyst Inquiries
Jennifer Handshew for Aligned Data Centers
jennifer@180-mktg.com
+1 (917) 359-8838

Thomas Clements for Blackstone
Thomas.Clements@blackstone.com
(646) 482-6088

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CVC Credit provides financing to CapVest-backed Novus Foods through its Capital Solutions strategy 12 August 2025

CVC Capital Partners

CVC Credit is pleased to announce that it has provided a tailored financing solution to Novus Foods (“Novus” or “the Company”), a leading US refrigerated foods platform backed by CapVest, to facilitate its acquisition of food producer noosa and support continued future growth.

Founded in 1988, Novus Foods is a US refrigerated foods platform focused on products sold in retailers’ stores. It produces refrigerated dips, desserts, salsa and yogurt across a portfolio of market-leading brands and strategic private label products. Novus Foods has national distribution capabilities and sells to all major US food retailers. The company has over 1,200 employees and operates six manufacturing facilities across the US.

This investment has been made through CVC Credit’s Capital Solutions strategy, which provides bespoke financing solutions to established European and US medium and large companies. It focuses on providing good quality companies with primary junior capital or structured equity to support M&A, refinancings and/or liquidity events.

Quotes

Novus’ leading position in the US foods market is supported by positive consumer trends and a well-diversified business model across both branded and private label products. The strength of the CVC global network, as well as a strong existing relationship with CapVest, meant we were comfortable providing a comprehensive financing solution to the Company to finance its recent acquisition and drive future growth.

Miguel ToneyPartner in CVC’s Private Credit team, focused on Capital Solutions

Miguel Toney, Partner in CVC’s Private Credit team, focused on Capital Solutions, said: “We are delighted to close this latest transaction for the Capital Solutions strategy, which is gathering momentum in an increasingly complex global M&A environment. Novus’ leading position in the US foods market is supported by positive consumer trends and a well-diversified business model across both branded and private label products. The strength of the CVC global network, as well as a strong existing relationship with CapVest, meant we were comfortable providing a comprehensive financing solution to the Company to finance its recent acquisition and drive future growth.”

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CVC Liquid Credit prices Cordatus XXXVI, its fifth new issue CLO of 2025

CVC Capital Partners

CVC Credit, the €46 billion global credit management business of CVC, is pleased to announce that it has successfully priced Cordatus XXXVI (36), a new €400m Collateralised Loan Obligation (“CLO”) vehicle and CVC Credit’s fifth new issue CLO of 2025.

The vehicle has a four-and-a-half-year reinvestment period and a one-and-a-half-year non-call structure with more than 65% of assets already sourced. Natixis served as the lead arranger.

Quotes

We are very pleased to announce another new issue CLO in what has already been a busy year for CVC Credit, despite multiple periods of market volatility. While these market fluctuations can be challenging, they also create opportunities for established managers, and at CVC our global team is well-positioned to capitalise in these periods.

Guillaume TarneaudPartner and Co-Head of Global Liquid Credit at CVC Credit

Guillaume Tarneaud, Partner and Co-Head of Global Liquid Credit at CVC Credit, said: “We are very pleased to announce another new issue CLO in what has already been a busy year for CVC Credit, despite multiple periods of market volatility. While these market fluctuations can be challenging, they also create opportunities for established managers, and at CVC our global team is well-positioned to capitalise in these periods.”

CVC’s Liquid Credit business manages over €30 billion in assets across more than 70 active funds, managed by a team of around 40 investment professionals in both Europe. Recently the business reported a very active first six months of the year, pricing 17 transactions with an aggregate volume of approximately $7.9 billion (c.€7.1bn). This followed an exceedingly busy year in 2024 with 25 transactions priced with a volume of $11 billion.

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KKR Completes $6.5 Billion Asset-Based Finance Fundraise

KKR

Successor Fund Expands on Firm’s Commitment to Fast-Growing ABF Space

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the completion of a $6.5 billion fundraise focused on committing capital globally to privately originated and negotiated credit investments backed by large and diversified pools of financial and hard assets. The fundraise includes $5.6 billion in KKR Asset-Based Finance Partners II (“ABFP II” or the “Fund”) and nearly $1 billion from separately managed accounts focused on the same type of investment opportunities.

“The $6 trillion Asset-Based Finance (ABF) market, projected to exceed $9 trillion by 2029, is one of the most dynamic opportunity sets today, yet it remains relatively undercapitalized,” said Daniel Pietrzak, Partner and Global Head of Private Credit at KKR. “ABFP II will help fill this gap by providing long-term capital to the real economy and offering investors a chance to diversify their portfolios with high-quality non-corporate collateral-backed cash flows.”

“Our extensive experience and global scale in ABF uniquely positions us to capitalize on the dynamic opportunities we see across various sectors and geographies,” said Varun Khanna, Avi Korn, and Chris Mellia, global co-heads of ABF at KKR. “At over 2.5x the size of its predecessor, ABFP II’s success is a testament to the confidence our investors place in our team to deliver compelling risk-adjusted returns. We are grateful for their continued support.”

ABFP II received widespread support across a diverse group of new and existing investors globally, including public and corporate pensions, sovereign wealth funds, private banks, insurance companies, asset managers, and family offices.

KKR established its ABF strategy in 2016 and has since grown the platform significantly, with more than $74 billion in ABF assets under management and a team of approximately 50 ABF professionals globally. Today, the ABF business has two distinct investment strategies, offering solutions to borrowers across the capital structure. These include an opportunistic approach and a high-grade strategy that focuses on investment grade opportunities at the top of the capital structure.

KKR’s ABF portfolio focuses on four key themes: Consumer/Mortgage Finance, Commercial Finance, Hard Assets, and Contractual Cash Flows. The firm has 18 captive ABF platforms across these four segments, enabling proprietary sourcing and structuring of investments. KKR’s broad, multi-sector approach offers flexibility to invest across a diverse range of industries, including aviation, real estate, automotive finance, mortgages, royalties and equipment leasing, among others.

Over the past two decades, KKR has built one of the largest private credit platforms globally, with the ability to invest across the capital structure and liquidity spectrum. These capabilities are paired with KKR’s approach to proprietary sourcing, capital preservation, and active portfolio management to seek out long-term capital appreciation and attractive risk-adjusted returns. Today, KKR manages approximately $254 billion in credit assets globally, including approximately $117 billion in private credit and $129 billion in leveraged credit.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media Contact
Lauren McCranie
media@kkr.com

Source: KKR

 

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CVC Liquid Credit closes H1 2025 with $7.9 billion in CLO activity across 17 Deals

CVC Capital Partners

CVC Credit, the €46 billion global credit management business of CVC, is pleased to announce that CVC Liquid Credit (formerly known as CVC Performing Credit) has recorded a very active first six months of the year, pricing 17 transactions with an aggregate volume of approximately $7.9 billion (c.€7.1bn). This follows an exceedingly busy year in 2024 with 25 transactions priced with a volume of $11 billion.

CVC Liquid Credit has leveraged its global investment team to create value for investors through both new CLO formation and active portfolio management, by continuously evaluating and executing on opportunities to enhance the return profile of its existing CLO vehicles through resets, refinancings and/or reissues.

So far this year, the team has priced four new CLO issuances in the period between January and June and driven further value uplift and return of capital to investors across its existing platform of CLOs by executing ten resets and three refinancings and partial refinancings.

Andrew Davies, Managing Partner and Head of CVC Credit, said: “It has been a positive start to the year and we are pleased with the progress made across both our Liquid Credit and Private Credit strategies. Looking ahead, we remain firmly committed to building on this success, deepening our support for our clients and continuing to generate long-term value for our investors.”

It has been a positive start to the year and we are pleased with the progress made across both our Liquid Credit and Private Credit strategies.

Andrew DaviesManaging Partner and Head of CVC Credit

Guillaume Tarneaud, Partner and Co-Head of CVC Global Liquid Credit and Head of European Liquid Credit at CVC, said: “We are very pleased with the strong activity across the CVC Liquid Credit platform this year. Despite market volatility in April, we sustained our momentum throughout the first half and continue to leverage our leading presence in Europe to consistently price new vehicles while actively managing and optimising our existing CLOs”

Kevin O’Meara, Partner and Co-Head of CVC Global Liquid Credit and Head of US Liquid Credit at CVC Credit, added:  “In parallel, the U.S. CLO strategy has also posted a constructive first half of the year for the platform, with transaction volumes remaining robust.  We expect this elevated pace to continue through the remainder of 2025, supported by a balanced mix of new issuance and the refinancing or resetting of current structures when accretive opportunities arise. Our activity so far has been met with positive reception from both investors and the broader market, reinforcing confidence in our strategy and the strength of our execution.”

CVC Liquid Credit manages over €30 billion in assets across more than 70 active funds, managed by a team of around 40 investment professionals in both the US and Europe.

H1 2025 CLO activity summary

Deal Name

Deal Type

Pricing Date

Cordatus X (10)

Reset

January

Apidos XLII (42)

Reset

February

Cordatus XXXIV (34)

New issue

February

Apidos LII (52)

New issue

February

Cordatus III (3)

Reset

March

Apidos XXIII (23)

Refi

March

Cordatus Opportunities Loan Fund

Refi

March

Apidos XI (11)

Refi

March

Cordatus XXV (25)

Reset

April

Apidos XXXIII (33)

Reset

April

Apidos LIII (53)

New issue

April

Cordatus XXVII (27)

Reset

May

Apidos XXIX (29)

Reset

May

Apidos XLIII (43)

Reset

May

Cordatus XXXV (35)

New issue

June

Apidos XLV (45)

Reset

June

Cordatus XXIX (29)

Reset

June

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CVC Credit provides debt facilities to smartTrade through its European Direct Lending strategy

CVC Capital Partners

CVC Credit is pleased to announce that it has provided debt facilities to support the acquisition and growth strategy of smartTrade Technologies (“smartTrade”), a global SaaS platform providing multi-asset trading and payment software, owned by TA Associates.

Headquartered in Southern France, with subsidiaries in London, Paris, Geneva, New York, Toronto, Tokyo and Singapore, smartTrade provides essential FX trading software used for order management, trade execution and post-trade support. It boasts a global blue chip client base of large, regional and local banks, brokerages and corporations.

This investment has been made through CVC Credit’s European Direct Lending strategy, which focuses on lending to established European medium and large companies, with a focus on the senior secured piece of the capital structure.

Eva Boutillier, Managing Director at CVC Credit, said: “We are delighted to announce this latest transaction for our European Direct Lending strategy, leveraging the broader CVC Network’s expertise in the software sector to diligence smartTrade and gain comfort around the business’s strong fundamentals, attractive market and ambitious growth strategy.

Quotes

smartTrade is exactly the type of business we like to invest in through this strategy, with strong existing market positioning but also a large addressable market to allow for further future growth.

Andrew DaviesManaging Partner and Head of CVC Private Credit

Andrew Davies, Managing Partner and Head of CVC Private Credit, added: “smartTrade is exactly the type of business we like to invest in through this strategy, with strong existing market positioning but also a large addressable market to allow for further future growth. We are also pleased to strengthen our relationship with TA Associates, a high-quality sponsor that has experience investing in this sector.”

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L&G and Blackstone Announce Strategic Partnership to Accelerate Growth Ambitions

Blackstone

LONDON, UK and NEW YORK, US – 10 July 2025 – Today, Legal & General (L&G, LSE:LGEN) and Blackstone (NYSE:BX) are announcing a long-term strategic partnership that combines the strength of L&G and Blackstone’s respective credit platforms to enhance L&G’s competitive advantage in annuities and bolster its asset management proposition in key geographies and channels.

L&G’s annuities business will leverage Blackstone’s private credit origination platform to access a pipeline of diversified investment-grade assets, predominantly from the US. This partnership will complement L&G’s existing capabilities to gain competitive advantage, enhanced returns, and support its growth ambitions. L&G will invest up to 10% of anticipated annuities new business flows. This will add to the $237 billion in third-party insurance assets Blackstone manages across investment-grade private credit, liquid credit, and other strategies.[1]

Additionally, L&G’s asset management business will develop public/private hybrid credit solutions that combine Blackstone’s leading private credit platform with L&G’s best-in-class active fixed income capabilities. This will accelerate L&G’s ambitions to expand into highly attractive global wealth and wholesale channels.

The partnership combines L&G’s leading positions in pension risk transfer and asset management – comprising a $122.5 billion (£92 billion) annuities book and $1.4 trillion (£1.1 trillion) in assets under management[2] – with the strength and scale of Blackstone’s $465 billion credit platform.

Antonio Simões, Group CEO, L&G said: “Today’s announcement marks another important step in delivering our strategy for focused, sustainable growth and enhanced shareholder returns. Complementing L&G’s own insurance, investment and asset origination capabilities, our partnership with Blackstone will further cement our market leading position in pension risk transfer, and enable us to address growing demand for public-private hybrid investment products. L&G will benefit from a more diverse pipeline of assets for our annuity book, and growth in asset management as we develop more sophisticated investment solutions for clients around the world.”

Jon Gray, President and Chief Operating Officer, Blackstone said: “We’re thrilled to partner with L&G, a world-class firm with strong performance that we have long admired. Blackstone has been a pioneer in bringing the benefits of private markets investing to insurance companies, individuals and institutional investors. Together, our two firms’ unmatched scale and expertise should drive innovative solutions in the private credit market.”

Eric Adler, CEO, Asset Management, L&G said: “In June, we set out our vision as a leading global investor innovating to solve client challenges, using the power of L&G. This partnership brings together the combined strengths of L&G and Blackstone’s respective credit businesses, to offer new, innovative investment solutions and extend our international reach. I am especially energised by the potential of our alliance to advance our proposition in global wealth and wholesale channels, and deepen the capabilities we can draw upon to support our institutional clients.”

Philip Sherrill, Global Head of Insurance, Blackstone said: “We believe this partnership shows the best of what Blackstone can offer to our insurance company clients. The breadth of our capabilities allows us to support our partners across their businesses – originating assets, working together to identify investment opportunities, and designing products that meet the needs of both institutional clients and individual investors.”

About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

About L&G
Established in 1836, L&G is one of the UK’s leading financial services groups and a major global investor, with £1.1 trillion in total assets under management (as at FY24) of which c. 44% (c. £0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

Forward-Looking Statements
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect Blackstone’s current views with respect to, among other things, its operations, taxes, earnings and financial performance and the strategic partnership referred to herein. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “scheduled,” “estimates,” “anticipates,” “opportunity,” “leads,” “forecast,” “possible” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Blackstone believes these factors include but are not limited to those described under the section entitled “Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2024, as such factors may be updated from time to time in its periodic filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in its other periodic filings. The forward-looking statements speak only as of the date of this release, and Blackstone undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

FURTHER INFORMATION:

Blackstone
Felix Lettau
Felix.Lettau@blackstone.com
+44 20 7104 4562

L&G
Sneha Patel
sneha.patel@group.landg.com
+44 75536 04804

Headland Consultancy
Lucy Legh
landg@headlandconsultancy.com

[1] As of March 31, 2025
[2] FX conversion rate as at YE 2024

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Carlyle Provides Financing to Support TPG’s $1.1 Billion Carve-Out of Sabre’s Hospitality Solutions Business

Carlyle

New York, NY – July 8, 2025 – Global investment firm Carlyle (NASDAQ: CG) today announced that its Global Credit platform has led a $400 million financing to support TPG’s recently completed acquisition of Sabre Corporation’s Hospitality Solutions (“Hospitality Solutions”) business. The transaction established Hospitality Solutions as an independent hospitality technology company.

Hospitality Solutions provides software and solutions to more than 40% of the world’s leading hotel brands. The SaaS based platform serves as an integrated system of record for reservation and guest information, enabling hoteliers to operate with greater accuracy and efficiency.

Carlyle’s financing will support TPG’s investment in the newly independent business as it accelerates growth, executes on new product development initiatives, and continues the onboarding of major global customers.

“We’re proud to support TPG in establishing Hospitality Solutions as an independent technology leader with a strong foundation and clear path for growth,” said Kunal Gulati, Deputy Chief Investment Officer of Carlyle Direct Lending. “This transaction reflects our ability to deliver tailored capital solutions at scale to support our partner sponsors and management teams leading strategic transformations.”

Carlyle’s Global Credit platform manages $199 billion in assets under management, as of March 31, 2025. It regularly pursues investments in privately negotiated debt and capital solutions partnering with high-quality sponsors and leading family or entrepreneur-owned companies.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $453 billion of assets under management as of March 31, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

Media Contact:

Kristen Ashton
+1 212-813-4763
kristen.ashton@carlyle.com

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Coller Capital Raises Record $6.8 Billion for Private Credit Secondaries Platform

  • The landmark closing of Coller Credit Opportunities II underscores Coller Capital’s leadership and scale in private credit secondaries
  • CCO II targets senior direct lending and performing credit investments, pursuing opportunities across both LP-led and GP-led secondary transactions
  • To date the firm has now committed $10.1bn to credit secondaries

London and New York, 8 July 2025 – Coller Capital, the world’s largest dedicated private market secondaries manager, today announces the final closing of Coller Credit Opportunities II (“CCO II”), bringing a record total of $6.8 billion raised for Coller’s credit platform in its latest fundraising cycle. Coller’s credit platform includes commingled funds, co-investment vehicles, separately managed accounts, and its credit-focused perpetual funds.

The successful capital raise follows the firm’s pioneering $1.4 billion first credit fund, CCO I, which previously set the benchmark as the largest private credit secondaries fund at the time. Coller Capital’s robust fundraising reflects its established global presence, innovative approach, and deep specialist expertise in secondaries.

CCO II targets senior direct lending and high-quality performing credit investments across LP-led and GP-led opportunities. The fund seeks to deliver strong risk-adjusted returns and stable, resilient performance through market cycles by providing investors diversified exposure to premium credit assets.

The private credit secondaries market has grown substantially, driven by increasing investor demand for liquidity solutions, diversification, and sophisticated portfolio management tools. Coller Capital has seen $53bn of secondary credit investment opportunities since January 2024, with substantial growth anticipated as more private credit funds mature.

Michael Schad, Partner, Head of Coller Credit Secondaries, said: “This record-setting fundraise reinforces Coller Capital’s status as the preeminent investor in private credit secondaries. Our disciplined, credit-centric investment strategy, combined with our ability to execute complex transactions at scale, continues to resonate with global investors seeking defensive, diversified strategies. With increased market participation and liquidity demand, we anticipate continued strong activity in LP-led and GP-led transactions throughout 2025 and beyond.”

Jeremy Coller, Chief Investment Officer and Managing Partner of Coller Capital, commented“Coller Credit Opportunities II is a milestone fundraise that reaffirms the significant evolution and maturation of the private credit secondaries market. Investors increasingly recognize the strategic importance of private credit secondaries in achieving defensive exposure, liquidity, and enhanced portfolio management amid heightened market volatility. Coller Capital’s global platform, specialist knowledge, and proven track record uniquely position us as the partner of choice for investors around the world.

“The success of this fundraise is a testament to the quality of Coller’s entire global team and the trust our partners place in us, as well as the track record of our credit leaders Michael Schad, Ed Goldstein, and Martins Marnauza who have been investing together for more than 14 years.”

Coller Capital was an early mover in credit secondaries, pioneering investments as early as 2008. To date the firm has now committed $10.1bn to the space.

Coller Capital’s leading market position is exemplified by recent landmark transactions, including the acquisition of a $1.6 billion senior direct lending portfolio from American National, one of the largest-ever LP-led credit secondaries transactions. Additionally, in 2024, Coller Capital created the industry’s largest credit continuation vehicle to date, underwriting a $1.6bn portfolio managed by Abry Partners.

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Apollo Commits to £4.5 Billion Financing for Électricité de France, Marking the Largest Sterling-Denominated Private Credit Transaction

Apollo logo

Proceeds to primarily finance EDF projects in the UK, notably the Hinkley Point C nuclear power station

NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed affiliates, funds, and strategic accounts have signed an agreement to invest up to £4.5 billion in fixed-rate callable notes issued by Électricité de France (“EDF”) pursuant to its €50 billion Euro Medium Term Note (“EMTN”) program. Proceeds from the financing will be used primarily to finance EDF projects in the United Kingdom, most notably the Hinkley Point C nuclear power station. This transaction represents one of the largest sterling-denominated note issuances on record.

Apollo Partner Jamshid Ehsani said, “Apollo is pleased to provide this bespoke, large-scale financing to EDF in support of its vital role in advancing European energy sovereignty and power infrastructure, including in the UK.”

Ehsani continued, “This landmark transaction highlights our deepening partnership with the French government and EDF and reaffirms our commitment to being a premier capital provider to leading European companies. This is the largest-ever capital funding transaction executed by EDF and the largest private credit transaction in the sterling market.”

This investment also builds on Apollo’s longstanding history of investing in French companies for nearly three decades. Notably, Apollo has provided €2.5 billion of High-Grade Capital Solutions across three transactions to Air France-KLM in recent years.

Since 2020, under its High-Grade Capital Solutions strategy, Apollo has originated over $100 billion of bespoke capital solutions for leading companies such as Intel, Air France-KLM, BP, Sony, AB InBev, Vonovia, and more.

Latham & Watkins, LLP and Kirkland & Ellis LLP acted as legal counsel to Apollo while Apollo Capital Solutions Europe B.V. is providing structuring and arrangement services in connection with the transaction. BNP Paribas and Hogan Lovells, LLP acted as financial and legal advisors, respectively, to EDF.

About Apollo
Apollo 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 credit to private 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, 2025, Apollo had approximately $785 billion of assets under management. To learn more, please visit www.apollo.com.

Apollo Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com / europeanmedia@apollo.com

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