Apollo Global Management is wind ing down certain invoice-financing products at its Eliant Trade Finance platform, a strategic retreat disclosed on September 11 that specifically targets mid-market accounts receivable and supply-chain finance offerings. Eliant, created in January 2022 as a collaboration between Apollo, its insurance affiliate Athene, and French banking giant BNP Paribas, launched with 1.3 billion dollars in signed programs and reported 1.6 billion dollars in new transactions by 2025. The decision stems from adverse market conditions in inventory financing rather than any operational failure at the platform itself. Eliant’s other trade finance activities will continue operating.
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