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Apollo Global Management (NYSE:APO) is in talks to increase its loan to SoftBank's Vision Fund II from $5.4 billion to as much as $9 billion, potentially giving the ******* anese conglomerate additional financing capacity for its massive investment in OpenAI.
The deal size has not yet been determined, according to Bloomberg.
Apollo has previously extended financing to SoftBank's venture capital arm in 2021. The lender increased the facility by another $900 million last year, bringing its total size to $5.4 billion. NAV financing allows private capital managers to raise liquidity by using investments held with their funds as collateral.
Read Also:KKR Doubles Private Debt Deals to $80 Billion as AI Spending Explodes
#capital #finance #management
Apollo Global Management (NYSE:APO) is in talks to increase its loan to SoftBank's Vision Fund II from $5.4 billion to as much as $9 billion, potentially giving the ******* anese conglomerate additional financing capacity for its massive investment in OpenAI.
The deal size has not yet been determined, according to Bloomberg.
Apollo has previously extended financing to SoftBank's venture capital arm in 2021. The lender increased the facility by another $900 million last year, bringing its total size to $5.4 billion. NAV financing allows private capital managers to raise liquidity by using investments held with their funds as collateral.
Read Also:KKR Doubles Private Debt Deals to $80 Billion as AI Spending Explodes
#capital #finance #management
2 days ago
