Apollo and MassMutual announced that MassMutual has become a minority equity owner in ATLAS SP Partners and a capital partner to the ATLAS platform. ATLAS is the warehouse finance and securitized products business majority owned by Apollo funds. As part of the multi-billion-dollar commitment, MassMutual has also agreed to invest in Apollo’s Asset-Backed Finance franchise. These investments will allow MassMutual to access predominately investment-grade, asset-backed credit originated by ATLAS SP and across the broader Apollo ecosystem, alongside Apollo’s retirement services businesses. The commitments will also bolster ATLAS SP’s capacity to provide warehousing and other investment grade asset-backed solutions to the more than 200 financing clients of ATLAS SP.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APO:
- Apollo’s ATLAS SP Announces Investment from MassMutual
- Sony has not contacted Paramount special committee, CNBC says
- UK Stocks: Hipgnosis Songs Fund Soars as Blackstone’s Bid Sparks Takeover Battle
- M&A News: Paramount Stock Jumps on Potential Buyout Offer
- Paramount up 12% after NY Times report of joint bid from Sony, Apollo Global