While Global Head of Principal Structured Finance Jamshid Ehsani has been working to evolve the company into a bulge-bracket lender, the company’s private credit strategy is taking on the largest traditional banks in a race to fund the billions needed by multinationals, Sujeet Indap and Eric Platt of The Financial Times reports. Apollo’s rapid growth in recent years has created an opportunity for the company to be the one financial sponsor with the strength to move beyond mid-market clientele typical of the sector and instead step into underwriting for the largest companies in the world.
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