Apollo’s ATLAS SP Announces Investment from MassMutual
Summary
In addition to MassMutual, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) also made a cornerstone commitment to the ATLAS SP business in June 2023, and the business continues to attract third-party capital partners seeking to access high grade, senior secured asset-backed credit.Apollo Co-President Jim Zelter said, We believe that there is a generational opportunity to originate excess return per unit of risk for our investors in asset-backed finance. ATLAS SP is a key driver of our asset-backed finance franchise, and MassMutuals commitment to the business reaffirms our focus of being a solutions provider in this massive, primarily investment grade market.ATLAS SP is part of Apollos broader ABF franchise which originates credit backed by tangible assets, such as auto, aviation and equipment finance, as well as financial assets, including secured cash flows from royalties, mortgages and more. Apollo believes the private ABF market is a $20 trillion opportunity, primarily investment grade, and has built an ABF origination ecosystem over 15 years to become a leader in this market.Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Apollo and affiliated entities in these transactions, while Simpson Thacher & Bartlett LLP was legal counsel MassMutual.About ApolloApollo is a high-growth, global alternative asset manager. 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. For more information, visit www.massmutual.com.About ATLAS SPATLAS SP is a global investment firm providing stable capital, financing, advisory and institutional products to market participants seeking innovative and bespoke structured credit and asset backed solutions.