Aldar Receives $500 Million Hybrid Investment from Apollo
Deal News | Jan 31, 2025 | Apollo
Apollo Global Management has announced a significant investment in Aldar Properties PJSC, with a $500 million commitment in subordinated notes as part of a broader strategic partnership. This transaction represents one of the largest corporate hybrid private placements in the Abu Dhabi region. Apollo's cumulative investments in Aldar, including previous arrangements amounting to $1.4 billion, bring the total to approximately $1.9 billion since 2022. This investment highlights Apollo's ongoing strategy to provide high-impact capital solutions to key players in the Abu Dhabi ecosystem. Aldar, a leading real estate company, stands as a central figure in Apollo's investment initiatives, benefiting from the expertise and financial support of Apollo's networks. Apollo's continued focus under its High-Grade Capital Solutions strategy has also led to investment opportunities in other major global corporations. The reinforcement of ties with Mubadala Investment Company further consolidates Apollo’s footprint in the UAE market landscape, extending their collaborative efforts for global origination opportunities.
Sectors
- Private Equity
- Real Estate
- Asset Management
Geography
- United Arab Emirates – The country where Aldar Properties PJSC is based and where Apollo continues to grow its investment portfolio.
- United States – Home country of Apollo Global Management, which orchestrated the investment.
Industry
- Private Equity – Apollo Global Management operates as a private equity firm, providing capital investment across various sectors including real estate.
- Real Estate – Aldar Properties PJSC is a prominent real estate developer in Abu Dhabi, involved in the transaction, showcasing its influence in the sector.
- Asset Management – Apollo manages a large portfolio of assets globally, illustrating its significance in asset management and investment strategies.
Financials
- 500 million USD – The amount invested by Apollo in subordinated notes of Aldar.
- 1.9 billion USD – The total aggregate investment by Apollo in Aldar since 2022.
- 733 billion USD – Apollo's assets under management as of September 30, 2024.
- 100 billion USD – The total capital solutions originated under Apollo’s High-Grade Capital Solutions strategy since 2020.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Apollo Global Management, Inc. | Bidding Company | Company | A global alternative asset manager providing the capital investment in Aldar. |
| Aldar Properties PJSC | Target Company | Company | A leading real estate developer in Abu Dhabi receiving the hybrid capital investment. |
| Mubadala Investment Company | Other Company | Company | Mubadala is involved in a multi-billion-dollar partnership with Apollo for global origination opportunities. |
| Noah Gunn | Contact - Global Head of Investor Relations | Person | Apollo’s representative for investor communications. |
| Joanna Rose | Contact - Global Head of Corporate Communications | Person | Responsible for Apollo’s corporate communications. |