Black’s Apollo Seeks Capital for Asia Funds in Real Estate Push
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Leon Black’s Apollo Global Management LLC, the private-equity firm that is seeking to rebuild its real estate arm, is raising $750 million for a pair of funds that will focus on commercial properties in Asia.
The AGRE Asia Pacific Real Estate Fund LP filed a private-placement notice last month with the U.S. Securities and Exchange Commission to seek as much as $600 million of capital. The New York-based management company is also teaming up with Bank of East Asia Ltd. to raise $150 million for a related fund that will focus on China, according to a separate July filing.