Viola Credit, a global asset manager focused on providing asset-based lending solutions to the innovation economy, today announced a strategic joint venture with Cadma Capital Partners (“Cadma”), an affiliate of Apollo Global Management (“Apollo”) that specializes in financing solutions for high-growth technology companies and the investment firms that sponsor them. Viola Credit offers flexible credit solutions to sponsor-backed technology companies seeking asset-based financing and growth capital.

The newly formed joint venture, with financing capacity of up to $500 million, will focus on executing asset-based lending (“ABL”) transactions originated and managed by Viola Credit.

“We are excited to partner with Cadma to deliver on our shared mission of supporting innovative technology companies that are redefining financial markets,” said Ido Vigdor and Ruthi Furman, Managing Partners and Co-Heads of Viola Credit. “This is an important milestone that will deepen our ability to support technology-enabled lenders with a full suite of asset-based financing solutions across their origination lifecycle. Our partnership with Cadma will allow us to more broadly provide compelling offerings to portfolio companies while seeking disciplined, attractive returns for our investors.”

“This mutually beneficial partnership with Viola Credit will expand high-quality asset origination for both our firms,” said Jon Beizer, CEO of Cadma. “We believe that Cadma’s deep understanding of the venture and growth ecosystem, combined with Viola Credit’s global platform and strong track record, will enable us to provide more ABL solutions to leading financial technology platforms.”

“Cadma’s partnership with Viola Credit demonstrates Cadma’s differentiated approach to expanding our reach in asset-backed credit origination,” said Josh Brody, President of Cadma. “Viola Credit’s proven track record, deep expertise, and disciplined underwriting align with Cadma’s origination strategy and partnership model of working with leading venture and growth firms. We look forward to deepening this relationship in the years to come.”