Apollo’s Zelter on Abu Dhabi Property Deal With Adnoc

The transcript discusses a financial deal involving long-dated, high-quality yield assets in partnership with ADNOC. The speaker highlights the importance of structuring long-term capital and the benefits of investment-grade assets. The discussion covers the nature of the assets, regional partnerships, and the consortium's role in the deal, emphasizing the strategic importance of the UAE region and the collaboration with Mubadala.

What is the main focus of the partnership with ADNOC?

• Reducing operational costs

• Expanding into new markets

• Addressing capital needs and structuring long-dated capital

• Developing new technologies

How does the speaker describe the yields they offer?

• Below market average

• Highly volatile

• A nice premium to investment grade yields

• At market average

What type of assets are involved in the deal?

• Marquee assets

• Core and critical infrastructure

• High-risk ventures

• Luxury real estate

What is the significance of the UAE region for the speaker?

• It is a region with limited investment opportunities

• It is a region with high political risk

• It is a new market with unknown potential

• It is a region with longstanding partnerships and strategic importance

Who are the partners involved in the consortium for the deal?

• A mix of insurance and global investors

• Only government entities

• Only private equity firms

• Only local investors