From Quiver Quantitative:

Apollo Global Management is set to launch a $2 billion fund dedicated to the secondary credit investment market, marking the firm’s significant expansion in this niche. The fund will acquire discounted stakes in existing debt funds, capturing investor enthusiasm for the asset class. Recent strategic hires, including professionals from BlackRock, have bolstered Apollo’s capabilities and reflect its commitment to diversity in alternative investments. The anticipated formal marketing of the fund by the end of the current quarter positions the firm as an aggressive player in the world of secondaries.
Relevant tickers: BLK, APO



Read more: Apollo Set to Launch $2 Billion Fund in Burgeoning Secondary Credit Market