Paul, Weiss advised Apollo in the expansion of two core components of its broad asset-backed strategy, ATLAS SP Partners and newly established Asset Backed Finance franchise (ABF), via cornerstone capital commitments from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).

ADIA’s commitment to ATLAS SP, a securitized credit origination business majority-owned by Apollo affiliates, will bolster its capacity to provide approximately $15 billion in new warehouse financing solutions, building on the approximately $40 billion in commitments already under management by ATLAS SP.

ADIA’s commitment to the ABF franchise, part of Apollo’s credit business, will extend Apollo’s long track record in asset-backed finance through dedicated ABF strategies focused on private investment grade and sub-investment grade opportunities.

The Paul, Weiss team was led by corporate partners Matthew Goldstein, Victoria Forrester and Robert Tananbaum, and included corporate counsel Allison Muth and David Levine.