ATLAS SP Partners Launches as Standalone Securitized Credit rating Origination Platform to Speed up Progress in Multi-trillion-greenback Asset Backed Finance Sector
NEW YORK, Feb. 08, 2023 (Globe NEWSWIRE) — Apollo (NYSE: APO) and Credit rating Suisse (Six: CSGN) have done a significant to start with shut of their earlier announced transaction underneath which affiliates of Apollo obtained a sizeable part of the Securitized Solutions Group from Credit Suisse (the “Transaction”). A majority of the property and pros related with the Transaction are now portion of or managed by ATLAS SP Associates (the “Company”), a new standalone credit history company targeted on asset-backed funding and capital marketplaces options.
ATLAS SP Associates is a high-expansion franchise supporting specialty finance corporations, monetary sponsors, corporates, REITs and a selection of other consumers access structured funding and portfolio methods. The Business is led by CEO Jay Kim, earlier Managing Director and Head of Securitized Products at Credit history Suisse, and contains a crew of extra than 200 experts.
Apollo, by its affiliate marketers, is the the greater part shareholder of ATLAS SP Associates and serves as a extended-time period funds lover to the Organization, along with further 3rd-bash funds partners. Forming a diverse and robust funds base is designed to permit ATLAS SP Associates to offer you customers an increased suite of solutions and abilities.
“Asset-backed securitization is utilised to finance buyer and industrial action and gas economic expansion in the US and significantly about the earth,” stated Apollo Co-President Jim Zelter. “Launching ATLAS SP is an enjoyable and logical extension of that pattern – forming a standalone enterprise led by Jay and one particular of the industry’s most experienced and knowledgeable teams. At Apollo, we are thrilled to partner with ATLAS SP and accelerate our tactic to commit in far more lengthy-term, expenditure quality high quality property for our customers and strategic partners.”
“It is an honor to guide ATLAS SP Companions, performing together with my amazing colleagues and with the aid of Apollo, to improve a new impartial franchise and carry even a lot more modern solutions to our clientele,” stated Jay Kim, CEO of ATLAS SP Companions. “This is a workforce that is recognized for delivering a holistic suite of capabilities, from funding to cash marketplaces and distribution solutions, and we count on to establish on this legacy and deliver even extra to bear below the ATLAS SP banner with the backing of a diversified, prolonged-time period funds base.”
ATLAS SP Partners serves hundreds of customers all through the advancement lifecycle from early phase to mature general public organizations, providing asset-backed warehouse financing, ahead movement and asset purchases, and money marketplaces and distribution companies. Its skills spans a wide array of asset courses inside residential and industrial genuine estate, and company and purchaser credit card debt.
ATLAS SP Partners mostly originates higher-excellent, investment-quality belongings that are hugely fascinating to a broad assortment of traders and align with the stability sheet wants of Athene and other retirement products and services providers, which are estimated to maintain approximately 95{194d821e0dc8d10be69d2d4a52551aeafc2dee4011c6c9faa8f16ae7103581f6} of their property in superior quality credit rating instruments.
Specified further assets and sure worldwide personnel are envisioned to changeover from Credit rating Suisse to the new Corporation through the first 50 {194d821e0dc8d10be69d2d4a52551aeafc2dee4011c6c9faa8f16ae7103581f6} of 2023.
To discover more about ATLAS SP Partners, make sure you take a look at www.atlas-sp.com.
About ATLAS SP Associates
ATLAS SP Associates is a worldwide expense organization delivering personalized solutions, industry skills and execution certainty on asset-backed funding and money markets routines that gas enterprise innovation and growth. We supply a suite of flexible answers throughout asset-backed warehouse financing, forward move and asset buy, and funds marketplaces and distribution providers. Firms of all maturities, from early-stage advancement to large community providers, operating throughout serious estate, corporate and purchaser financing change to ATLAS SP Partners for capital and advisory methods. To master much more, make sure you visit www.atlas-sp.com.
About Apollo
Apollo is a worldwide, significant-growth alternate asset manager. In our asset administration small business, we look for to provide our consumers excessive return at just about every stage along the hazard-reward spectrum from expense grade to private equity with a target on three enterprise methods: yield, hybrid, and fairness. For additional than 3 a long time, our investing knowledge across our entirely integrated system has served the economic return needs of our clients and provided enterprises with revolutionary cash answers for progress. By Athene, our retirement services enterprise, we specialize in aiding shoppers achieve economical safety by furnishing a suite of retirement financial savings products and acting as a options provider to institutions. Our affected person, innovative, and proficient approach to investing aligns our shoppers, corporations we invest in, our employees, and the communities we influence, to broaden chance and reach constructive results. As of September 30, 2022, Apollo experienced close to $523 billion of assets less than management. To learn extra, make sure you go to www.apollo.com.
Apollo Ahead-Hunting Statements
This press release has ahead-looking statements that are in the this means of Part 27A of the Securities Act of 1933, as amended, and Area 21E of the Securities Trade Act of 1934, as amended. These ahead-seeking statements are centered on management’s beliefs, as properly as assumptions produced by, and information and facts at present accessible to, administration. When utilised in this press release the phrases “believe,” “anticipate,” “estimate,” “expect,” “intend” and related expressions are intended to discover ahead-wanting statements. Whilst administration thinks that the anticipations mirrored in these forward-searching statements are realistic, it can give no assurance that these expectations will establish to have been correct. Apollo thinks these things involve but are not minimal to those described below the area entitled “Risk Factors” in Apollo’s quarterly reviews on Kind 10-Q filed with the Securities and Exchange Fee (the “SEC”) on Might 10, 2022 and November 8, 2022, as these types of factors may perhaps be updated from time to time in Apollo’s periodic filings with the SEC, which are obtainable on the SEC’s internet site at www.sec.gov. These things should really not be construed as exhaustive and must be browse in conjunction with the other cautionary statements that are integrated in Apollo’s filings with the SEC. Apollo undertakes no obligation to publicly update or overview any ahead-seeking statements, no matter if as a end result of new info, long term developments or in any other case, besides as needed by applicable law. This press release does not constitute an provide of any Apollo fund.
Contacts
Noah Gunn
Worldwide Head of Investor Relations
Apollo International Administration, Inc.
(212) 822-0540
[email protected]
Joanna Rose
World-wide Head of Company Communications
Apollo Global Management, Inc.
(212) 822-0491
[email protected]
