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Apollo is working with JPMorgan Chase, Goldman Sachs and three other banks to trade private credit, partnering with Wall Street’s largest firms to syndicate investment-grade debt on a broader scale. The banks act as broker-dealers, sometimes buying debt originated by Apollo and putting it on their own balance sheets and at other times brokering and pricing sales to third parties
Apollo, which has traded more than $3 billion of loans since September and about $260 million just last week, has also engaged with some asset managers and institutional funds for liquidity, the people said.
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