Apollo Global Management raises $6.5 billion for third hybrid fund
Updated
Updated · Bloomberg · May 5
Apollo Global Management raises $6.5 billion for third hybrid fund
9 articles · Updated · Bloomberg · May 5
The fundraising began about a year ago and exceeded the initial $5 billion to $6 billion target range, according to people familiar with the matter.
The fund will provide financing that sits between credit and private equity, supporting a strategy Apollo has made a significant part of its investment business.
Apollo's broader hybrid business now totals about $100 billion, underscoring investor appetite for flexible capital solutions between traditional debt and equity.
Amid rising defaults, how will Apollo's $6.5B fund navigate the increasing turmoil in the private credit market?
Is Apollo's record fundraising a sign of strength, or a risky bet at the peak of a potential credit bubble?
With private credit entering 401(k)s, are savers protected from the risks of illiquidity and opaque valuations?