Investment giant Apollo Global Management is reportedly exploring the sale of its publicly traded business development company that specializes in private credit investments, according to a Wall Street Journal report published Sunday.
Sources with knowledge of the discussions told the newspaper that Apollo is considering divesting MidCap Financial Investment, commonly referred to as MFIC. The investment firm places a valuation of roughly $3 billion on the fund and its investment portfolio, the report indicated.
The potential sale represents a significant financial transaction in the private credit investment sector, as Apollo weighs its strategic options for the publicly listed entity.
