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Deutsche Bank partners with DWS for private credit opportunities and growth
Deutsche Bank has partnered with DWS Group, granting the asset manager first refusal on private credit deals, including asset-based finance and direct lending. Patrick Connors will join DWS as global head of private credit, aiming to enhance the firm's growth strategy amid a competitive landscape. This collaboration reflects a trend among banks to align with asset managers to strengthen their private credit offerings.
Deutsche Bank partners with DWS for exclusive access to private credit deals
DWS Group has entered a private credit partnership with Deutsche Bank, granting the asset manager preferred access to loans originated by the bank. Patrick Connors, Deutsche Bank’s European head of credit financing, will join DWS as global head of private credit, overseeing the strategy. This collaboration leads to the winding down of DB Investment Partners, as DWS aims to enhance its private debt business amid a competitive landscape.
apollo invests in santander's infrastructure loan portfolio worth 370 million
Apollo Global Management Inc. has agreed to invest in a $370 million portfolio of infrastructure loans from Banco Santander SA, aiming to enhance the bank's capital returns. As regulatory pressures increase the cost for banks to hold such assets, private capital firms like Apollo are seizing the opportunity to acquire the loans originated by these lenders.
Apollo and Workday Added to S&P 500 Index in Latest Rebalancing
Apollo Global Management Inc. and Workday Inc. have been added to the S&P 500 index following the latest quarterly rebalancing. They will replace Qorvo Inc. and Amentum Holdings Inc., with the changes taking effect before the market opens on December 23.
Apollo Launches Private-Credit Trading Desk to Develop Investment-Grade ETF
Apollo Global Management Inc. is launching a private-credit trading desk focused on investment-grade debt it has originated, aiming to bundle this debt into exchange-traded funds (ETFs). This initiative is designed to establish market pricing for the debt, which is essential for the ETF rollout, in collaboration with State Street Corp.
TotalEnergies Acquires VSB Group for 1.57 Billion Euros
TotalEnergies SE has agreed to acquire German renewable project developer VSB Group for €1.57 billion ($1.6 billion) from Partners Group Holding AG. Concurrently, the company will sell a 50% stake in a 2 gigawatt solar and battery portfolio in Texas to Apollo Global Management for $800 million, as part of its strategy to enhance capital returns.
jpmorgan distances itself from transition finance trend on wall street
JPMorgan Chase & Co. is distancing itself from the transition finance trend that many Wall Street firms are adopting. This approach, aimed at funding activities to reduce carbon emissions, operates in a regulatory gray area, despite the potential for significant investment opportunities in corporate decarbonization, estimated at $50 trillion by Apollo Global Management Inc.
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