03:38 PM EDT, 08/07/2025 (MT Newswires) -- (Corrects to show Bloomberg was first to report the news in first paragraph.)

Apollo Global Management ( APO ) said Thursday it is increasing its loan to SoftBank Group's Vision Fund 2 by $900 million, bringing the total to a record-breaking $5.4 billion in net-asset value financing, Bloomberg reported, citing sources familiar with the matter.

The proceeds from the SoftBank loan are expected to flow back to investors, primarily SoftBank itself and founder Masayoshi Son, the report said.

The upsized loan marks the largest NAV loan to date, and with the NAV loan market of around $150 billion forecast to double by the end of 2026, it will position Apollo at the forefront of this booming asset class, it added.

Shares of Apollo Global were 4% down in recent trading activity.

Apollo Global and SoftBank did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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