Apollo Global Management is investing in CAIS, a platform that gives independent financial advisers access to alternative investment products, the latest in a string of moves by the private-equity giant aimed at reaching wealthy individuals.
Apollo and fintech-focused private-equity firm Motive Partners are leading a $225 million investment that values CAIS at more than $1 billion, officials at the companies said. Franklin Templeton parent Franklin Resources Inc. is also participating in the round.
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Apollo is a leading global investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo, among others. Apollo had assets under management of approximately $455 billion as of December 31, 2020 in credit, private equity and real assets funds.
Source: Wall Street Journal
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