Apollo announced the launch of European Credit Company (“ECC” or the “Company”), a platform focused exclusively on European performing credit, including corporate and asset-backed lending. The Company launches with more than €10 billion of lending capacity to serve as a long-term financing partner across the region.
ECC was established to help address unprecedented financing needs in Europe driven by the industrial renaissance. The scaled platform brings client-centric, flexible solutions to market across multiple credit asset classes. ECC will finance both large and mid-market opportunities, working with companies, sponsors and real asset owners, including infrastructure and real estate, to help capitalise their unique business needs and support growth in local economies. In addition to its proprietary origination, ECC will source assets through strategic partnerships with European financial institutions as well as have access to Apollo’s European credit platform.
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The Company is backed by long-term capital investments led by Apollo funds and affiliates, as well as Abu Dhabi Investment Council (ADIC), Athora, Norinchukin Bank, Standard Chartered and Aranda Principal Strategies. ECC is led by Chief Executive Officer Giacomo Petrobelli and Chairman Christian Meissner.
ECC CEO Giacomo Petrobelli said, “The formation of ECC is driven by a generational opportunity to mobilise global pools of capital to finance Europe’s long-term growth agenda. We aim to build ECC into a premier pan-European credit platform, focused exclusively on the region, with deep local relationships, differentiated sourcing and flexible solutions that span all credit types.
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