Apollo to Provide USD $500 Million Hybrid Capital Solution to Aldar in Fourth Transaction

Core Insights - Apollo has announced a $500 million investment in Subordinated Notes issued by Aldar Properties PJSC, marking one of the largest corporate hybrid private placements in the region [1][2] - This investment brings Apollo's total investment in Aldar to approximately $1.9 billion across four transactions since 2022, highlighting a strong partnership between the two entities [1][2] - Apollo's commitment to Abu Dhabi and the UAE is further emphasized by its previous investments, including a $1.4 billion strategic capital investment in August 2022 [2] Investment Strategy - Apollo's investment in Aldar is part of its High-Grade Capital Solutions strategy, which has originated nearly $100 billion in bespoke capital solutions for various leading companies since 2020 [3] - The firm aims to provide attractive investment opportunities for its clients while serving as a leading capital provider in the Abu Dhabi ecosystem [2] Company Overview - Apollo is a global alternative asset manager with approximately $733 billion in assets under management as of September 30, 2024 [4] - The company focuses on delivering excess returns across the risk-reward spectrum, from investment-grade credit to private equity, and offers innovative capital solutions for growth [4]