- Learn More
Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
Apollo Expands ATLAS SP Partners and ABF Franchise
- Client News
- June 7, 2023
Paul, Weiss advised Apollo in the expansion of two core components of its broad asset-backed strategy, ATLAS SP Partners and newly established Asset Backed Finance franchise (ABF), via cornerstone capital commitments from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
ADIA’s commitment to ATLAS SP, a securitized credit origination business majority-owned by Apollo affiliates, will bolster its capacity to provide approximately $15 billion in new warehouse financing solutions, building on the approximately $40 billion in commitments already under management by ATLAS SP.
ADIA’s commitment to the ABF franchise, part of Apollo’s credit business, will extend Apollo’s long track record in asset-backed finance through dedicated ABF strategies focused on private investment grade and sub-investment grade opportunities.
The Paul, Weiss team was led by corporate partners Matthew Goldstein, Victoria Forrester and Robert Tananbaum, and included corporate counsel Allison Muth and David Levine.