NEW YORK, Feb. 08, 2023 (GLOBE NEWSWIRE) — Apollo apo and Credit Suisse CSGN have completed significant initial closing of their previously announced transaction, under which Apollo affiliates have acquired a significant portion of Credit Suisse’s Securitized Products Group (the “Transaction”). A majority of the assets and professionals associated with the Transaction are now part of, or managed by, ATLAS SP Partners (the “Company”), a new standalone lending company focused on asset-backed financing and capital markets solutions.

ATLAS SP Partners is a high growth franchise that provides specialized finance firms, financial sponsors, corporations, REITs and a variety of other clients with access to structured finance and portfolio solutions. The firm is led by CEO Jay Kim, previously Managing Director and Head of Securitized Products at Credit Suisse, and comprises a team of more than 200 professionals.

Apollo, through its affiliates, is the controlling shareholder of ATLAS SP Partners and serves as the Company’s long-term capital partner alongside other third-party capital partners. The formation of a diverse and robust capital base is intended to enable ATLAS SP partners to offer customers an enhanced range of products and capabilities.

“Asset-backed securitization is being used to fund consumer and commercial activity and fuel economic growth in the United States and increasingly worldwide,” said Apollo Co-President Jim Zelter. “The launch of ATLAS SP is an exciting and logical continuation of this trend – the formation of a standalone company led by Jay and one of the most knowledgeable and experienced teams in the industry. At Apollo, we look forward to partnering with ATLAS SP and accelerating our investment strategy to more long-term, investment-grade quality assets for our clients and strategic partners.”

“I am honored to lead ATLAS SP Partners, alongside my incredible colleagues and with the support of Apollo, to build a new independent franchise and deliver even more innovative solutions to our…