Apollo Global Management is exploring a bigger role in financing debt-laden governments and state-backed companies as they turn to private capital to plug budget gaps. Apollo's President Jim Zelter said the firm is looking at ways government-backed companies can shore up their balance sheets, including long-term capital and moving hard assets into a subsidiary to raise capital. Apollo is also seeking to finance the defense sector and capture dollars needed for AI infrastructure, with Zelter noting the firm limits its portfolio exposure in any one industry to mid- to high-single digits.
- Apollo Global Management is exploring an expanded role in financing debt-laden governments and state-backed companies, particularly in Europe, as they seek private capital to address budget deficits.
- The firm is considering strategies such as providing long-term capital and leveraging hard assets into subsidiaries to raise funds, while also targeting financing for the defense sector and AI infrastructure.
- Apollo is actively hiring experienced professionals and expanding its leadership in Europe and Asia to facilitate these large-scale deals, reflecting a growing trend of private capital involvement in public finance.
Topics: Public debt, Private market, Jurisdictions, Global sovereign bond tokenization, Private credit debt funds, Established hubs
Tags: #apolloglobalmanagement #governmentlending #privatecapital #debtladengovernments #statebackedcompanies #budgetgaps #jimzelter #hardassets #defensesector #aiinfrastructure