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
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Apollo partners with major US banks to trade private credit
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.
