Apollo Global Management has reportedly held talks to sell its publicly-listed private credit fund, MidCap Financial Investment.
The firm has valued the business development company, which is focused on private credit, at roughly $3bn (£2.2bn), according to people familiar with the matter.
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Apollo bought MidCap in 2013 to strengthen its direct lending platform but is now looking to sell it, likely to another business development company, according to a report in the Wall Street Journal (WSJ).
However, the talks are ongoing and there is no guarantee that they will result in a detail, the people cautioned.
