Apollo Closes on $2.35 Billion in Commitments for Apollo Origination Partnership Fund I

Paul, Weiss advised Apollo in connection with the close of its inaugural fund dedicated to large corporate direct lending, Apollo Origination Partnership Fund I (AOP), with approximately $2.35 billion in capital commitments.

AOP is Apollo's flagship closed-end, direct lending strategy focused on large corporate borrowers based primarily in North America and Western Europe. It focuses on originating top-of-the-capital-structure financing solutions to companies that predominantly generate in excess of $100 million of earnings before interest, taxes, depreciation and amortization. AOP contributes to Apollo's more than $50 billion of assets under management across its direct lending strategies and platforms.

The Paul, Weiss team included corporate partners Matthew Goldstein, Marco Masotti and Adam Givertz and counsel David Levine and Michael Lee; and executive compensation counsel Jake Glazeski.