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.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
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
Can’t stop reading? Read more
Ares makes Australia private equity debut with majority stake in Redback Boots
Ares makes Australia private equity debut with majority stake in Redback Boots Ares Management has...
KKR leads $700m raise for Saviynt, valuing identity security leader at $3bn
KKR leads $700m raise for Saviynt, valuing identity security leader at $3bn KKR has led a $700m...
Blackstone joins BC Partners and Abrams in $907.5m US Salt acquisition as ContextLogic reinvents itself
Blackstone joins BC Partners and Abrams in $907.5m US Salt acquisition as ContextLogic reinvents...