Apollo Sees $75 Trillion Gap in Private Credit’s ‘Next Frontier’

In its quest to double its size by 2029, Apollo Global Management Inc. is ramping up its ability to write jumbo checks to high-grade corporations as it delves deeper into what it calls private credit’s next frontier.

The alternative-asset manager is making its high-grade capital-solutions business a key plank in its growth strategy and is beefing up resources for the unit, Apollo Co-President Scott Kleinman said in an interview.

“Companies that are extremely well-capitalized are calling us to find out more about these types of deals,” Kleinman said. “We think investment-grade capital solutions are the next frontier of private credit.” ...