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Apollo Global Management has launched a USD 11.21 billion European credit platform to provide financing for businesses and major projects across the continent. The new platform will focus on growing demand for private loans as Europe increases investment in defence, energy and infrastructure.
Called the European Credit Company (ECC), the platform will offer loans to companies, financial sponsors and owners of physical assets. Its lending activities will cover corporate financing and asset-backed loans. It will also target both large companies and mid-sized businesses.
Apollo announced the launch on Monday, November 2. The platform will operate from Frankfurt, Jersey, London, Luxembourg City and Milan. Giacomo Petrobelli will serve as its chief executive officer, while Christian Meissner will take the role of chairman. ECC will also work alongside Apollo's wider investment business.
The platform has attracted support from several international financial institutions. Its backers include Abu Dhabi Investment Council, European insurer Athora, Japan's Norinchukin Bank, UK-based Standard Chartered and US investment firm Aranda Principal Strategies.
Petrobelli said the new business would help direct international investment towards Europe's future development. He added that ECC aims to become a leading regional lending platform with flexible financing options.
Apollo's latest move comes as private credit continues to attract investment worldwide. Rating agency Moody's expects assets managed by private credit funds to exceed USD 2 trillion in 2026. The figure could approach USD 4 trillion by 2030.
Apollo President Jim Zelter said Europe's financing requirements are growing across several important industries. These include energy transition projects, electricity transmission, defence and digital infrastructure.
The launch also follows Apollo's recent agreement to acquire a stake of nearly 10% in Mubadala Capital. The company is the alternative investment arm of Abu Dhabi sovereign wealth fund Mubadala Investment Company.
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