Pluto Launches First AI-Powered Lending Platform for Private Markets, Secures $8.6 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Businesswire
- Successful Funding: Pluto Financial Technologies has raised $8.6 million and secured hundreds of millions in lending capacity, marking a strong launch in the private market and enhancing the company's competitiveness in this rapidly growing sector.
- Innovative Loan Product: The introduction of the Wealth Equity Line of Credit (WELOC) allows investors to borrow against private market assets at competitive rates, with repayment from future fund distributions, thereby unlocking liquidity without the need to sell assets, addressing urgent market demands for flexible financing.
- Market Potential: With total AUM in private markets projected to grow 1.5x over the next five years, Pluto's platform provides instant credit access by connecting directly to portfolios, aiming to resolve inefficiencies and high costs associated with traditional financing methods, thus enhancing investors' liquidity decision-making capabilities.
- Strategic Partnerships: Collaborations with major distribution partners like Allocate enable Pluto to reach thousands of investors managing over $6 billion in alternative assets, further solidifying its leadership position in private markets and facilitating liquidity solutions for wealth advisors and their clients.
Analyst Views on APO
Wall Street analysts forecast APO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for APO is 155.75 USD with a low forecast of 132.00 USD and a high forecast of 173.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 144.280
Low
132.00
Averages
155.75
High
173.00
Current: 144.280
Low
132.00
Averages
155.75
High
173.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
