On Monday, Apollo rolled out a European credit platform worth €10 billion ($11.2 billion), designed to capture growing appetite for private funding as the continent steps up investment in defense, energy, and infrastructure.
Apollo said in a statement that the platform, European Credit Company (ECC), will offer corporate and asset-backed loans to companies, sponsors, and owners of real assets.
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The launch adds to the rapid growth of private credit funds, with Moody’s forecasting that assets under management will top $2 trillion in 2026 and come close to $4 trillion by 2030.
Backers of ECC include Abu Dhabi Investment Council, the sovereign wealth fund, along with insurers Athora, Japan’s Norinchukin, Standard Chartered, and US investment firm Aranda.
Apollo said ECC has offices in Frankfurt, Jersey, London, Luxembourg City, and Milan.
According to the statement, ECC will be run by CEO Giacomo Petrobelli and Chairman Christian Meissner and will collaborate with Apollo’s wider business.
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Petrobelli said ECC was created to seize a once-in-a-generation chance to channel global capital toward financing Europe’s long-term growth ambitions.
