Akin Gump Advises Apollo in the Formation of a Joint Venture with Belstar Group in Korea
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(New York) – Akin Gump advised Apollo Global Management (NYSE: APO) in connection with a joint venture in Korea to provide a wide range of private credit solutions, bringing together the capabilities of Apollo’s global credit platform with Belstar Group’s longstanding expertise in investing and partnering with corporates and institutions in Korea.
The joint venture intends to provide large corporations, mid-sized enterprises and sponsors in Korea with asset-backed capital solutions, corporate lending and acquisition financing. In providing private lending solutions, in addition to the traditional financing sources in place today, the joint venture will look to address a liquidity gap borrowers face in the market. The joint venture is a strategic extension of Apollo’s credit investment franchise in the Asia Pacific region and will support Apollo’s recently established Asia Pacific Credit Strategy. The investment program in Korea will be anchored by Apollo’s funds and its internal and affiliated insurance balance sheets, focusing on providing flexible and differentiated capital across the yield and duration spectrums.
Learn more about the transaction here.
The Akin Gump team comprised partners Steve Vine, Patrick Fenn, Christopher Gorman-Evans, Dennis Pereira, Alex Specht, Olivia Chung and Michael DiLernia and associates Andrew Krebsbach and David Tai.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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