Apollo targets at least $3 bln for hybrid equity/credit fund

Apollo Global Management, Leon Black, private equity
  • Strategy led by Rob Ruberton and Matt Michelini
  • Fund targets $3 bln
  • Hybrid strategy will target debt and equity investments
Apollo Global Management is seeking $3 billion for a new strategy that will combine illiquid credit and private equity, sources told Buyouts. The Hybrid Value Fund’s total could go higher depending on demand, according to a limited partner who has ...
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