Apollo Global Management has launched the European Credit Company (ECC), which will focus on providing credit in the large and mid-market sectors, including corporate and asset-backed lending. This initiative is supported by prominent investors such as the Abu Dhabi Investment Council (ADIC), which aligns with Apollo's recent acquisition of a nearly 10% stake in Mubadala Capital.
The ECC is led by Giacomo Petrobelli as CEO and Christian Meissner as chairman, with the goal of becoming a leading pan-European credit platform. Petrobelli emphasized the opportunity to finance Europe's long-term growth, particularly in areas like energy transition, defense, and infrastructure.
Apollo's president, Jim Zelter, highlighted the urgent financing needs arising from the Global Industrial Renaissance, which are particularly pronounced in Europe. The backing from ADIC and other strategic partners, including Athora and Standard Chartered, positions the ECC to leverage global capital pools effectively