Apollo Funds to Serve as a New Capital Partner
for Liquidity’s Fast-Growing, Credit-Oriented Platform
Existing Investors MUFG Bank and Spark Capital
Commit Additional Capital
Liquidity Group (or “Liquidity”) today announced that it has
entered into agreements with respect to approximately $775 million
in capital commitments year-to-date 2022, led by funds and entities
managed by affiliates of Apollo (NYSE: APO). The commitments, which
are subject to satisfaction of certain conditions, will include
$425 million from Apollo Funds for a credit facility to help
Liquidity scale its lending activity for late-stage technology
companies, $300 million from MUFG Bank (NYSE: MUFG), for a debt
fund JV named Mars Growth Capital, investing in future unicorn
companies, as well as a $50 million SAFE note investment by Apollo
Funds, MUFG Innovation Partners and Spark Capital.
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Liquidity Group Announces $775 Million in
Capital Commitments led by Apollo and MUFG (Photo: Business
Wire)
Liquidity Group, founded in 2018, is a credit-oriented fintech
platform that invests, syndicates and automates growth and middle
market lending for businesses around the world, providing capital
mainly to later-stage technology companies. MUFG’s core banking
subsidiary, MUFG Bank, is a key strategic capital partner to
Liquidity, having invested equity venture capital in the business
as well as formed multiple joint lending ventures.
For Apollo, the new commitments are consistent with its strategy
to serve as a capital partner, enabler, and strategic investor in
specialty lending companies with strong credit underwriting and
innovative features such as Liquidity’s data-driven platform for
credit formation, diligence, and monitoring. Apollo Partner, Joshua
Black, will also join Liquidity’s Board of Directors.
“We’re pleased to form this new capital partnership with
Liquidity Group to support their growth while helping our investors
access attractive yield with strong credit fundamentals,” said Bret
Leas, Apollo Partner and Global Head of Structured Corporate Credit
& ABS. “Ron and his team at Liquidity are connecting technology
borrowers and credit investors via an innovative, data-driven
ecosystem, and we look forward to working with them as they scale
the business.”
“The new capital partnership with Apollo and the continued and
successful partnership with MUFG is validation of our founding
vision to use artificial intelligence to transform the capital
markets,” said Ron Daniel, Co-Founder and CEO of Liquidity Group.
“Our patented technology offers unparalleled insight into private
growth companies and enables robust predictions about their future.
Working with Apollo will allow us to continue our own expansion,
fund more companies, and provide reliable returns on investment to
our partners. Josh, Jasen and the rest of the Apollo team have
proved to be the right partners for this ride with their passion to
adopt best of breed solutions.”
“MUFG is welcoming Apollo’s investment to Liquidity Capital. We
are aiming to provide various financial services to start-up
companies and to the ecosystem as a whole, together with the
investing partners,” says Fumitaka Nakahama, Group Head, Global
Corporate & Investment Banking Business Group, MUFG.
Liquidity has integrated machine learning and real-time data and
performance monitoring across its platform to enhance, automate and
expedite processes across the full credit investment lifecycle.
Since inception, Liquidity has committed more than $1 billion in
capital to fast-growing companies, including Etoro, Zetwerk &
Homer.
Amit, Pollak, Matalon & Co. served as legal counsel to
Liquidity. Paul, Weiss, Rifkind, Wharton & Garrison LLP and
Shibolet Law Firm served as legal counsel to Apollo.
About Liquidity
Founded in 2018, the Liquidity Group is a global capital market
credit automation company and fund manager providing growth capital
through funds focused on the US, Asia, Europe and the Middle East.
Liquidity Group’s subsidiary fund, Singapore-based Mars Growth
Capital, and its partner MUFG [NYSE:MUFG] jointly handle the
company’s South East Asia activity. It combines real-time data with
proprietary machine learning technology to offer tailored financing
that matches a company’s future growth. Liquidity Group operates
three main divisions: Analysis, Capital, and Market Syndication,
which together enable global lenders a complete cycle of scaled and
quick credit deployment. www.liquiditygroup.com
About Apollo
Apollo is a global, high-growth alternative asset manager. In
our asset management business, we seek to provide our clients
excess return at every point along the risk-reward spectrum from
investment grade to private equity with a focus on three business
strategies: yield, hybrid, and equity. For more than three decades,
our investing expertise across our fully integrated platform has
served the financial return needs of our clients and provided
businesses with innovative capital solutions for growth. Through
Athene, our retirement services business, we specialize in helping
clients achieve financial security by providing a suite of
retirement savings products and acting as a solutions provider to
institutions. Our patient, creative, and knowledgeable approach to
investing aligns our clients, businesses we invest in, our
employees, and the communities we impact, to expand opportunity and
achieve positive outcomes. As of December 31, 2021, Apollo had
approximately $498 billion of assets under management. To learn
more, please visit www.apollo.com.
About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the
world’s leading financial groups. Headquartered in Tokyo and with
over 360 years of history, MUFG has a global network with
approximately 2,500 locations in more than 50 countries. The Group
has about 170,000 employees and offers services including
commercial banking, trust banking, securities, credit cards,
consumer finance, asset management, and leasing. The Group aims to
“be the world’s most trusted financial group” through close
collaboration among our operating companies and flexibly respond to
all of the financial needs of our customers, serving society, and
fostering shared and sustainable growth for a better world. MUFG’s
shares trade on the Tokyo, Nagoya, and New York stock exchanges.
For more information, visit https://www.mufg.jp/English.
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For Apollo: Noah Gunn Global Head of Investor Relations Apollo
Global Management, Inc. (212) 822-0540 IR@apollo.com
Joanna Rose Global Head of Corporate Communications Apollo
Global Management, Inc. (212) 822-0491
Communications@apollo.com
For Liquidity Group: Jared Shapiro The Tag Experience (917)
553-4542 jared@thetagexperience.com
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