Apollo Global Management Inc is poised to sign more than US$4 billion in so-called NAV loans, as the asset manager steps up unorthodox lending to private equity (PE) firms looking to raise cash in a challenging high-cost environment. Some of the transactions include multiple loans of more than US$1 billion each, people familiar with the matter said, asking not to be identified discussing confidential information. Net asset value (NAV) financing allows PEs to borrow against a pool of their portfolio companies, and helps them to return money to investors.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-08-15-story-h-242787533-Apollo_to_loan_over_US_4b_to_struggling_buyout_firms

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