Apollo Expands Asian Presence with First Korean Private Credit Partnership
Apollo has entered a strategic partnership with KB Securities, marking its first collaboration in South Korea's private credit market. Under this agreement, KB Securities will gain preferential rights to take part in Apollo's global credit deals within Korea.
Partnership Goals and Market Context
The alliance aims to boost KB Securities’ abilities in deal sourcing, financing, and structuring while strengthening Apollo's foothold in one of Asia's fastest-growing private credit markets.
South Korea is increasingly attractive to alternative lenders, driven by institutional and pension funds seeking private market solutions and growing financing demands from large, family-run conglomerates.
Matthew Michelini, head of Apollo’s Asia Pacific business, commented, “This partnership will bring more opportunities to address rising institutional and retirement-sector demand for private market solutions in Korea.”
Local Leadership and Regional Strategy
Apollo opened its Seoul office last year and appointed Jay Hyun Lee as partner and head of Korea to spearhead its local growth strategy. The collaboration with KB Securities reinforces Apollo’s dedication to delivering flexible capital solutions across Asia.
Significance of the Partnership
With Asia's private credit sector gaining momentum, this partnership highlights the expanding role of alternative asset managers in meeting corporate financing needs and increasing access to non-bank capital in South Korea.
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Apollo's partnership underlines the critical role of alternative finance in supporting Korea's evolving corporate lending landscape.
Author's summary: Apollo strengthens its presence in Asia by partnering with KB Securities, enhancing private credit opportunities in South Korea’s growing alternative finance market.