01-05-2025
Apollo Raises $5.4 Billion Fund for Secondhand Private Equity
Apollo Global Management Inc. raised about $5.4 billion for a vehicle that enables investors to cash out of private funds early, spurred by a sluggish dealmaking climate.
The fundraising for Apollo's Hybrid Solutions Fund surpassed its target, according to a statement Thursday. It brings the total raised across the firm's Sponsor and Secondary Solutions platform — dubbed S3 — to almost $10 billion since it launched in 2022, it said.
