Three of the word’s larger financial services firms, Apollo, Athene and BNP Paribas, have joined forces to launch Eliant Inventory Solutions, a global provider of inventory capital solutions aimed at optimizing supply chains and balance sheets. The mounting financial pressures means that companies are seeking more efficient working capital management which investment banks have been providing for over a decade but the demand is growing rapidly.

Eliant Inventory Solutions, since its launch earlier this year, has already grown to $1.3 billion in inventory asset value under its management with multinationals outsourcing their inventory to Eliant, which has the capabilities and technology to own and manage inventory “at the most efficient cost of capital” in the market.

Athene serves as the primary capital provider while Apollo acts as the investment manager and French bank BNP Paribas provides debt and receivables financing as well as structuring advisory to Eliant. Furthermore, GEP has also joined the consortium as the exclusive provider of supply chain and procurement consulting, software and managed services.