Apollo Global Management has agreed to provide a $500m hybrid capital solution to Aldar Properties PJSC, one of the UAE’s leading real estate companies, representing one of the region’s largest corporate hybrid private placements to date.
With this deal, Apollo’s total investment in Aldar across four separate transactions since 2022 rises to approximately $1.9bn.
In a press statement, Jamshid Ehsani, Partner at Apollo, said: “Apollo’s fourth investment in Aldar underscores our strong partnership with the company as well as our commitment to serving as a leading capital provider to the broader Abu Dhabi ecosystem.”
This latest deal builds on Apollo’s growing presence in Abu Dhabi and the UAE. In August 2022, Apollo-managed funds and clients invested a total of $1.4bn in Aldar, including a $400m equity stake in Aldar Investment Properties. In November 2024, Apollo also extended its multi-billion-dollar partnership with Mubadala Investment Company, focusing on global origination opportunities.
Since launching its High-Grade Capital Solutions strategy in 2020, Apollo has successfully originated nearly $100bn in bespoke capital solutions for major global companies, including Intel, Sony, Air France, and AB InBev.