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.
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.
