Apollo to Raise About $2.5 Billion to Lend in Private Markets
- AOP II to lend to corporate borrowers in North America, Europe
- Move comes as other large firms look to compete in market
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Apollo Global Management Inc. is looking to raise roughly $2.5 billion to lend to large corporate borrowers in private markets, according to people with knowledge of the matter.
The second fund comes after the Apollo Origination Partnership Fund I, which closed last year and has already been deployed, said the people, who declined to be identified as the details are private. Apollo started marketing the new fund over the summer, they added.