Credit investment firm Belstar Management Company launched its flagship credit fund, Belstar Credit Opportunities Fund, which will invest in liquid and private credit opportunities, including both corporate and structured assets globally.

With $2 billion in capital, Belstar intends to partner for a subset of its program with Apollo to access high quality credit assets originated across Apollo’s global platform.

The two companies first established a strategic relationship in August 2022 when they formed a non-bank lending joint venture focused on serving Korea-based companies and sponsors.

“We are pleased to continue supporting the expansion of Belstar’s platform,” said Rob Givone, partner and head of portfolio strategy at Apollo. “This strategy is a natural extension of Belstar’s global credit capabilities and reflects the growing demand from Asian investors for high-quality credit investments.”

“We are delighted at the prospect of extending our relationship with Apollo, a leading global credit manager,” said Belstar’s Managing Partner Daniel Yun. “This launch is part of our broader strategy to further diversify the investment portfolios that we manage and to provide our LPs with access to best-in-class credit investments.”