(Bloomberg) -- Apollo Global Management Inc. is looking to raise debt and equity to help fund the growth of the securitization business it bought from Credit Suisse Group AG, according to people with knowledge of the matter. 

The business, known as Atlas SP, is aiming to raise money through a variety of multibillion-dollar vehicles, the people said. The firm hopes that it will raise enough to allow its balance sheet to grow to more than $50 billion, from about $40 billion in February, one person said.

Atlas SP bundles debt like car loans and mortgages into bonds that it sells. It needs funding to help temporarily finance assets that will get packaged into securities. One way it’s looking at raising money is to get outside capital to support the short-term funding it provides, according to the people, who asked not to be identified because they’re not authorized to speak publicly.  

According to a June press statement, Atlas SP has already received some financing from the Abu Dhabi Investment Authority. It has also raised capital from Athene, a unit of Apollo that sells annuities, one of the people said. 

Apollo intends to remain the majority equity owner in the business, that person said. A spokesperson for Apollo declined to comment.

Apollo closed on its purchase of much of the Credit Suisse securitized products group in February, and has been looking for funding since around then. The business has been led since 2016 by New York-based Jay Kim. 

--With assistance from Lisa Lee.

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