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Apollo Global Management increases SoftBank loan to $5.4 billion - Bloomberg

Published 07/08/2025, 20:14
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Investing.com -- Apollo Global Management (NYSE:APO) Inc. is increasing a landmark loan to SoftBank (TYO:9984) Group to $5.4 billion, setting a new record for net-asset value (NAV) loans that are becoming essential for private capital funds.

The New York-based alternative-asset manager is adding $900 million to its existing loan to SoftBank’s Vision Fund 2, according to a report from Bloomberg, citing sources familiar with the matter. The loan represents a low-teens percentage of the portfolio value backing it, which includes more than 150 assets.

Apollo initially provided the loan in late 2021 but refinanced it earlier this year. The transaction highlights Apollo’s growing importance in NAV finance, where lenders provide loans against funds controlling multiple companies rather than against specific businesses.

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