Apollo wins bid to manage Singapore’s $1 billion private credit fund
July 18, 2025
SINGAPORE - Apollo Global Management won the mandate to manage Singapore’s $1 billion private credit fund targeting financing for local high growth enterprises, according to a government portal for procurement website.
As at March 31, the US giant had about US$785 billion (S$1 trillion) of assets under management.
The Ministry of Trade and Industry and Enterprise Singapore in March introduced the Private Credit Growth Fund, which aims to provide non-dilutive customised financing for high-growth local enterprises, according to a statement then. It will announce more details about the fund by the third quarter of 2025, the statement said. READ MORE