Apollo Global Management raised $35bn for Asia expansion since 2022, targeting insurers and retirement funds.
Apollo Global Management has raised $35bn for Asia expansion since 2022, targeting insurers and retirement fund institutions. With $651bn of assets globally, it has doubled Asia staff and formed partnerships with Sumitomo Mitsui Trust Holdings, which pledged $1.5bn. The growth in Asia is in response to clients seeking more stable yields from private markets investments in credit and hybrid financing.
April 15, 2024
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