Apollo's $2B Power Play: Private Credit Giants Just Flipped the Script on Wall Street

Apollo's Acquisition: Apollo Global Management is investing $2 billion in U.S. infrastructure by acquiring PowerGrid Services, supported by a nearly $1 billion private credit package involving major lenders like Brookfield and Blackstone.

Private Credit Growth: The deal highlights the rising trend of private credit financing, with $32 billion in leveraged buyouts this year, indicating a shift in how large acquisitions are funded amid a challenging economic environment.