Apollo Global Management is reportedly working with five banks, including JPMorgan Chase & Co. and Goldman Sachs Group, to trade private credit. The collaboration will enable Apollo and its partners to syndicate investment grade debt on a larger scale, with the banks acting as broker-dealers. With the extra liquidity, Apollo will be able to originate larger loans and continue helping individual clients who need to redeem their investments more often than institutions. The collaboration came as Apollo has been working to build a marketplace for private credit deals and to increase the number of buyers on the secondary market. Banks have also planned to build trading desks for this market. The private credit market has been booming as it offers a capital “lifeline” of sorts to a variety of borrowers, especially smaller firms that have been, or still are, underserved as they seek capital from traditional markets. Private lending may also be extended to firms that are backed by private equity vehicles.