Credit: Summit Art Creations/Adobe Stock Deal Watch: Are Only 'A Handful' of Law Firms Positioned Well After Citi-Apollo Partnership?
"Syndicated option or private credit, you need a firm that can handle either in every iteration," said one dealmaker.
September 30, 2024 at 04:23 PM
5 minute read
Apollo and Citi's deal last week to create a $25 billion private credit direct lending program in North America may spur further deals between traditional big banks and private credit entities—which may put many Big Law firms on notice about where business is shifting.
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