Apollo Global moves quickly growing unit out of its buyout division, FT says

In the latest sign of shift towards private credit, Apollo has moved a fast-growing unit focused on complex lending out of its buyout division, Antoine Gara and Sujeet Indap of The Financial Times reports. The shake-up began earlier this year and was officially announced this week at a town hall, people familiar with the matter told the Times. Matt Nord, previously co-head of private equity at the company, will helm the separated group.