Apollo: Bank Partnerships Key for Investment-Grade Credit

Apollo, a big investment firm, thinks that it's super important for private credit to team up with banks.

They already have partnerships with 12 banks, like BNP Paribas and Citigroup.

These partnerships help finance companies that are considered safe investments.

Banks and private credit firms can split up the work; banks might handle short-term loans while private credit handles longer-term investments.

Apollo is especially interested in helping companies in Germany, where there's a need for money to fund big projects.

This could potentially grow the private credit market to a whopping $40 trillion.