Apollo Global Management is gearing up to start fundraising for its latest fund, which will focus on making secondary credit investments and is targeting $2bn in capital commitments, according to a report by Bloomberg.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
The report cites unnamed sources with knowledge of the matter as confirming that Apollo is expecting to formally begin marketing the fund to potential investors by the end of the first quarter.
Apolla launched its credit secondaries platform in April 2021 with $1bn of assets under management, buying stakes in debt funds at a discount from investors who sell out early.
Source: Private Equity Wire
Can’t stop reading? Read more
Bansk Group acquires majority stake in fast-growing skincare brand BYOMA
Bansk Group acquires majority stake in fast-growing skincare brand BYOMA Bansk Group has agreed to...
Ares prepares €1.5bn continuation vehicle for legacy European loans
Ares prepares €1.5bn continuation vehicle for legacy European loans Ares Management is planning a...
TPG to acquire GE Vernova’s Proficy software unit in $600m deal
TPG to acquire GE Vernova’s Proficy software unit in $600m deal TPG has agreed to acquire Proficy,...