Global marketsUpdated November 3

Apollo lent a record $114 billion in Q3.

Apollo’s record quarter has two numbers to keep separate. Originations reached $114 billion, including $98 billion tied to new debt investments. In the same quarter, Apollo provided funding for Anthropic and chipmaker Nvidia. That puts the record in the context of financing around AI, but it doesn’t mean the full $114 billion went to AI. The $98 billion is one defined slice of the total; the AI connection comes through in the companies that received funding.

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Coverage started November 3