Apollo Global Management has launched a European private credit platform with more than 10 billion euros ($11.2 billion) of lending capacity, backed by several blue-chip investors, including the Abu Dhabi Investment Council (ADIC).

The European Credit Company will invest in performing credit across the large and mid-market sectors, including corporate and asset-backed lending, as well as lending to real-asset owners in infrastructure and real estate.

The venture is led by Giacomo Petrobelli, serving as chief executive officer, and Christian Meissner, its chairman.