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November 5, 2025
Private Credit Goes Mainstream for Investment-Grade Corporates
# Capital Markets
# Capital Structure
# Sponsored Content
Apollo’s Adam Kostrinsky explains how investment-grade corporates are using private credit to fund strategic objectives, long-term growth and balance-sheet flexibility.
Private credit’s rapid rise is reshaping corporate finance. Once a tool for middle-market borrowers, it’s now a mainstream funding option for investment-grade companies seeking customized, long-term capital solutions.
- That shift—and what it means for treasury—is the focus of the newest episode of the Strategic Finance Lab podcast, featuring Apollo Global Management COO of Global Origination Adam Kostrinsky. The episode, sponsored by Apollo, is available now on Apple and Spotify.
- Mr. Kostrinsky tells NeuGroup’s Justin Jones that many corporates are turning to Apollo for large-scale, long-duration projects—from energy transition to data centers—because the firm can “really be a long-term partner, offering differentiated financing solutions” that extend beyond the typical time horizons available in public markets.
Adam Kostrinsky, Apollo Global Management
Beyond banks: A complementary model. Apollo’s approach to private credit centers on partnership with banks, not competition against them.
- “We seek to provide capital to banks’ clients that they otherwise would be unable to provide,” Mr. Kostrinsky says. “We’re actually often working with banks and other asset managers, really taking a client-oriented approach.”
- That collaboration is opening new options for corporates pursuing strategic acquisitions, balance sheet optimization, large-scale portfolio reshaping and capital-intensive projects—from the consumer sector to data infrastructure—where standard equity financing or bond issuance may not fit the need.
Creative, long-term capital solutions. What sets Apollo apart, Mr. Kostrinsky says, is its ability to deliver capital solutions that combine features of debt and equity. In some cases, that means structuring long-term financing that helps companies maintain investment-grade ratings, while also funding growth and keeping leverage ratios steady.
- That approach has been used in Apollo’s transactions with companies like Keurig Dr Pepper, Intel, EDF and Air France—customized financings that were structured to help companies achieve their strategic objectives. “They show our ability to work with corporates and even government-related entities on large, complex projects,” he says.
- Mr. Kostrinsky emphasizes that Apollo’s role is ongoing. “It’s meant to be a continued thought partnership,” he says. “We don’t just structure an investment and walk away—it’s an ongoing dialogue.”
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