Carlyle: Apollo buys bonds linked to private credit funds

Apollo Global management, Carlyle Group and Ares Management have purchased the first known bonds that offload risk from bank loans extended to private credit funds known as business development companies. Earlier this year, Sumitomo Mitsui Banking Corporation sold securities known as 'significant risk transfers' to reduce risk from at least $3bn of credit lines it [...]The post Apollo buys bonds linked to private credit funds appeared first on Alternative Credit Investor.