• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Citi and Apollo Announce $25 Billion Private Credit, Direct Lending Program

    9/26/24 9:00:00 AM ET
    $APO
    $C
    Investment Managers
    Finance
    Major Banks
    Finance
    Get the next $APO alert in real time by email

    Mubadala and Athene to Participate as Apollo Strategic Partner and Affiliate, Respectively

    Citi & Apollo Private Credit, Direct Lending Program Marks Largest Relationship of its Kind

    Citigroup Inc. (NYSE:C) and Apollo (NYSE:APO) today announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies. The program will include participation from Mubadala Investment Company as Apollo's strategic partner as well as Apollo's subsidiary, Athene, both of which will have the opportunity to join commitments appropriate for their respective mandates.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240926673479/en/

    The strategic program is designed to significantly enhance access for corporate and sponsor clients to the private lending capital pool, at a scale and size which can provide funding certainty in strategic transactions. The program will join Citi's expansive banking client reach, origination and capital markets expertise with Apollo's scaled, extensive capital base. The firms anticipate the program will finance approximately $25 billion of debt opportunities over the next several years, encompassing both corporate and financial sponsor transactions. Citi and Apollo expect strong client demand and maintain the flexibility to significantly expand the size of the program beyond the initial $25 billion.

    "This exciting project brings Citi together with Apollo and other best-in-class partners to offer a full suite of innovative, private financing solutions to our clients," said Viswas Raghavan, Head of Banking and Executive Vice Chair at Citi. "Combining the strength of Citi's Banking and Capital Markets franchise with Apollo's deep capital resources will provide clients with a range of options to meet their evolving financing needs and achieve their strategic goals."

    Apollo Co-President Jim Zelter said, "We are pleased to form a first-of-its-kind, scaled direct lending program with Citi, a preeminent banking partner and leader in capital markets and advisory. Our collaboration will allow Citi to enhance its client offerings and bring more private solutions to bear, while enabling Apollo to increase origination flow and tap into Citi's extensive client relationships. As financial markets continue to evolve, together we believe this is a win-win arrangement that uses our respective strengths and assets to better serve our clients and other stakeholders in a reliable, scalable and capital efficient manner."

    Cravath, Swaine & Moore LLP is serving as legal counsel and Citigroup Global Markets Inc. is acting as advisor to Citi; Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel and Sullivan & Cromwell LLP is serving as regulatory counsel to Apollo.

    About Citi

    Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

    Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

    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 to private equity with a focus on three investing strategies: yield, hybrid, and 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 June 30, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit www.apollo.com.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240926673479/en/

    Get the next $APO alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $APO
    $C

    CompanyDatePrice TargetRatingAnalyst
    Citigroup Inc.
    $C
    5/15/2025$83.00Hold
    TD Cowen
    Apollo Global Management Inc. (New)
    $APO
    4/10/2025$173.00Strong Buy
    Raymond James
    Citigroup Inc.
    $C
    1/6/2025$70.00 → $95.00Equal Weight → Overweight
    Barclays
    Citigroup Inc.
    $C
    12/3/2024$70.00 → $82.00Mkt Perform → Outperform
    Keefe Bruyette
    Apollo Global Management Inc. (New)
    $APO
    11/19/2024$188.00Overweight
    Piper Sandler
    Apollo Global Management Inc. (New)
    $APO
    9/25/2024$139.00Outperform
    Wolfe Research
    Apollo Global Management Inc. (New)
    $APO
    9/12/2024$132.00Overweight
    Wells Fargo
    Apollo Global Management Inc. (New)
    $APO
    8/27/2024$153.00Buy
    Redburn Atlantic
    More analyst ratings

    $APO
    $C
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • TD Cowen initiated coverage on Citigroup with a new price target

      TD Cowen initiated coverage of Citigroup with a rating of Hold and set a new price target of $83.00

      5/15/25 8:10:40 AM ET
      $C
      Major Banks
      Finance
    • Raymond James initiated coverage on Apollo Global Management with a new price target

      Raymond James initiated coverage of Apollo Global Management with a rating of Strong Buy and set a new price target of $173.00

      4/10/25 12:40:27 PM ET
      $APO
      Investment Managers
      Finance
    • Citigroup upgraded by Barclays with a new price target

      Barclays upgraded Citigroup from Equal Weight to Overweight and set a new price target of $95.00 from $70.00 previously

      1/6/25 7:43:35 AM ET
      $C
      Major Banks
      Finance

    $APO
    $C
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Von Koskull Casper Wilhelm was granted 35 shares, increasing direct ownership by 0.18% to 8,011 units (SEC Form 4)

      4 - CITIGROUP INC (0000831001) (Issuer)

      7/3/25 1:06:42 PM ET
      $C
      Major Banks
      Finance
    • Director Turley James S was granted 257 shares, increasing direct ownership by 0.39% to 3,686 units (SEC Form 4)

      4 - CITIGROUP INC (0000831001) (Issuer)

      7/3/25 1:06:14 PM ET
      $C
      Major Banks
      Finance
    • Director Taylor Diana L was granted 395 shares, increasing direct ownership by 0.67% to 2,149 units (SEC Form 4)

      4 - CITIGROUP INC (0000831001) (Issuer)

      7/3/25 1:05:46 PM ET
      $C
      Major Banks
      Finance

    $APO
    $C
    SEC Filings

    See more
    • SEC Form FWP filed by Citigroup Inc.

      FWP - CITIGROUP INC (0000831001) (Subject)

      7/9/25 12:02:40 PM ET
      $C
      Major Banks
      Finance
    • SEC Form FWP filed by Citigroup Inc.

      FWP - CITIGROUP INC (0000831001) (Subject)

      7/9/25 7:46:48 AM ET
      $C
      Major Banks
      Finance
    • SEC Form FWP filed by Citigroup Inc.

      FWP - CITIGROUP INC (0000831001) (Subject)

      7/8/25 5:13:01 PM ET
      $C
      Major Banks
      Finance

    $APO
    $C
    Leadership Updates

    Live Leadership Updates

    See more
    • Apollo Names Brian Chu Head of Apollo Portfolio Performance Solutions

      NEW YORK, July 07, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that Brian Chu has joined the firm as a Partner and Head of Apollo Portfolio Performance Solutions (APPS). In this role, Chu will lead APPS' mission to deliver strategic and hands-on operational support across Apollo's private equity portfolio. He will build on the team's established value creation model, which combines generalist operating partners and deep functional expertise to unlock transformational growth opportunities for Apollo's funds' portfolio companies. Chu brings more than 20 years of experience in operational leadership and private equity to Apollo. He most recently served as Senior Managing Dire

      7/7/25 8:00:00 AM ET
      $APO
      Investment Managers
      Finance
    • Apollo Announces Olympus Housing Capital

      NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced the launch of Olympus Housing Capital ("Olympus" or the "Company"), a new homebuilder finance strategy. Olympus is an affiliate of Apollo and focuses on providing capital solutions to homebuilders across the United States to finance land acquisition and development work required to transform entitled residential land into finished lots ready for home construction. Olympus is led by CEO Andrew Brausa, an industry veteran with more than two decades of experience in residential housing. Olympus operates at the intersection of multiple secular tailwinds including the structural under-supply of single-family homes an

      6/30/25 8:00:00 AM ET
      $APO
      Investment Managers
      Finance
    • Apollo Names Celia Yan as Head of Hybrid for Asia Pacific

      HONG KONG, June 26, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that Celia Yan has joined the firm as a Partner and Head of Hybrid for Asia Pacific. Based in Hong Kong, Yan will lead the expansion of Apollo's hybrid platform across the region, building on the firm's momentum in delivering flexible, tailored capital solutions across private markets. Apollo's hybrid business focuses on delivering creative, partnership-driven solutions that sit between traditional debt and equity. We provide solutions that help companies fund growth initiatives, generate liquidity and deleverage balance sheets, among other bespoke applications. In this newly created role, Yan will drive origin

      6/25/25 5:00:00 PM ET
      $APO
      Investment Managers
      Finance

    $APO
    $C
    Financials

    Live finance-specific insights

    See more
    • Brightstar Lottery Completes Sale of Gaming & Digital Business and Announces $1.1 billion Capital Return to Shareholders

      The Company will remain listed on the New York Stock Exchange, trading under its new ticker symbol, BRSL, beginning July 2, 2025$1.1 billion capital return to shareholders comprised of $3.00 per share special cash dividend and $500 million share repurchase authorization$2.0 billion in debt reduction concentrated on near-term maturitiesLONDON, July 1, 2025 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT), doing business as Brightstar Lottery ("Brightstar," the "Company"), announced it has completed the sale of its Gaming & Digital business to a holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) on July 1, 2025. Effective July 2, 2025

      7/1/25 10:52:00 AM ET
      $APO
      $IGT
      Investment Managers
      Finance
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
    • Apollo Reports First Quarter 2025 Results

      NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") today reported results for the first quarter ended March 31, 2025. Marc Rowan, Chairman and Chief Executive Officer at Apollo said, "Our first quarter results highlight Apollo's strengths and our ability to navigate shifting market conditions. In Asset Management, we generated record organic inflows, strong origination volume, and delivered solid investment performance across all major strategies. In Retirement Services, consistent with our longstanding approach of positioning the business to seize opportunity, we accelerated new business growt

      5/2/25 6:30:00 AM ET
      $APO
      Investment Managers
      Finance
    • Athene Announces Fixed Income Investor Call

      WEST DES MOINES, Iowa, April 16, 2025 (GLOBE NEWSWIRE) -- Athene Holding Ltd. ("Athene"), a subsidiary of Apollo Global Management, Inc. (NYSE:APO), announced it will host a Fixed Income Investor Call on Monday, May 12, 2025 at 10:00AM ET. The call will feature members of Athene's senior management team, who will provide an update on current business trends, new business origination, the investment portfolio, and capital. An accompanying presentation, live webcast, and webcast replay will be available on the Investor Relations section of Athene's website at ir.athene.com. Conference Call Details:Dial-in: Toll-free at 877-404-1236 (domestic) or + 1 215-268-9888 (international) About Ath

      4/16/25 4:30:00 PM ET
      $APO
      Investment Managers
      Finance

    $APO
    $C
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Citi Appointed as Depositary Bank for Scage Future's ADR Program

      Citi Issuer Services, acting through Citibank, N.A., has been appointed as depositary bank by Scage Future (Scage) for its American Depositary Receipt (ADR) program. The appointment follows after Scage International Limited, a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, and Finnovate Acquisition Corp., a special purpose acquisition company, completed their business combination on June 27, 2025. The American Depositary Shares (ADS) of the combined entity, Scage, commenced trading on the Nasdaq Stock Exchange under the ticker "SCAG" on June 30, 2025. Each ADS represents one (1) ordinary share of Scage. Dirk Jones, Global Head of Cit

      7/9/25 9:30:00 AM ET
      $C
      Major Banks
      Finance
    • Apollo Names Brian Chu Head of Apollo Portfolio Performance Solutions

      NEW YORK, July 07, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that Brian Chu has joined the firm as a Partner and Head of Apollo Portfolio Performance Solutions (APPS). In this role, Chu will lead APPS' mission to deliver strategic and hands-on operational support across Apollo's private equity portfolio. He will build on the team's established value creation model, which combines generalist operating partners and deep functional expertise to unlock transformational growth opportunities for Apollo's funds' portfolio companies. Chu brings more than 20 years of experience in operational leadership and private equity to Apollo. He most recently served as Senior Managing Dire

      7/7/25 8:00:00 AM ET
      $APO
      Investment Managers
      Finance
    • Brightstar Lottery Completes Sale of Gaming & Digital Business and Announces $1.1 billion Capital Return to Shareholders

      The Company will remain listed on the New York Stock Exchange, trading under its new ticker symbol, BRSL, beginning July 2, 2025$1.1 billion capital return to shareholders comprised of $3.00 per share special cash dividend and $500 million share repurchase authorization$2.0 billion in debt reduction concentrated on near-term maturitiesLONDON, July 1, 2025 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT), doing business as Brightstar Lottery ("Brightstar," the "Company"), announced it has completed the sale of its Gaming & Digital business to a holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) on July 1, 2025. Effective July 2, 2025

      7/1/25 10:52:00 AM ET
      $APO
      $IGT
      Investment Managers
      Finance
      Services-Misc. Amusement & Recreation
      Consumer Discretionary

    $APO
    $C
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Citigroup Inc.

      SC 13G - CITIGROUP INC (0000831001) (Filed by)

      11/12/24 1:24:51 PM ET
      $C
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by Citigroup Inc. (Amendment)

      SC 13G/A - CITIGROUP INC (0000831001) (Subject)

      2/13/24 4:55:49 PM ET
      $C
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by Apollo Global Management Inc. (New) (Amendment)

      SC 13G/A - Apollo Global Management, Inc. (0001858681) (Subject)

      2/13/24 4:55:49 PM ET
      $APO
      Investment Managers
      Finance

    $APO
    $C
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Krongard A B bought $86,719 worth of shares (1,009 units at $85.95), increasing direct ownership by 1% to 77,608 units (SEC Form 4)

      4 - Apollo Global Management, Inc. (0001858681) (Issuer)

      11/7/23 4:30:02 PM ET
      $APO
      Investment Managers
      Finance