Athene Holding Ltd. has agreed to acquire a commercial real estate loan portfolio from Apollo for $9 billion. The transaction involves significant legal advisory support, with Sidley Austin representing Athene and Fried, Frank, Harris, Shriver & Jacobson advising the special committee of Apollo’s board of directors.
The deal marks a substantial investment by Athene in the commercial real estate finance sector, expanding its asset base and portfolio diversity.
**Why this matters**
This acquisition highlights Athene’s strategic move to increase its presence in commercial real estate lending. It also reflects ongoing activity in the financial services sector as firms adjust their portfolios in response to market conditions. The transaction may influence competitive dynamics among lenders in the commercial real estate market.