How Pimco Outmaneuvered Apollo, KKR to Win $29 Billion Meta Deal

How Pimco Outmaneuvered Apollo, KKR to Win $29 Billion Meta Deal

Morgan Stanley had an unusual message when it approached four of the world’s biggest asset managers in July: they had progressed to the final round of one of the most sought-after private credit deals to date. But if they wanted to get to the finish line, they would need to pair up.