Apollo Global Management announced on September 11 that it is winding down specific products within its Eliant Trade Finance platform. The decision affects mid-market accounts receivable and supply-chain finance offerings, while the remainder of the platform continues its operations.
The Eliant Trade Finance LP platform was established in January 2022 as a joint effort between Apollo, its insurance affiliate Athene, and BNP Paribas. At its inception, the platform launched with $1.3 billion in signed programs to provide working capital solutions.
By 2025, the platform reported $1.6 billion in new transactions across inventory, receivables, and supply-chain financing. The company also expanded into the Asia-Pacific region in 2024 by appointing new leadership to oversee the growth.
The strategic retreat is attributed to challenging market conditions in the inventory financing sector rather than operational issues. The reduction of these specific offerings is expected to impact the total transaction volume previously reported by the platform.
