Sep
30
Apollo Lending Unit to Double in Size With Mubadala GE Purchase
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MidCap will manage about $7 billion after acquisition
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Apollo targeting $20 billion for the strategy by 2019
Apollo Global Management LLC’s middle-market lending unit will double in size by acquiring $3.6 billion in loans managed by GE Capital and Abu Dhabi’s Mubadala Development Co.
Apollo’s MidCap Financial, which managed $3.3 billion as of June, agreed to buy Mubadala GE Capital’s portfolio of corporate and real estate loans in the U.S. and Europe, according to a statement Wednesday. MidCap expects the transaction to be completed in the fourth quarter…
Apollo Lending Unit to Double in Size With Mubadala GE Purchase
