$751 Billion Private Equity Firm Apollo Raised $8.5 Billion for Hybrid Credit Accord+ Strategy with $4.8 Billion for Accord+ Fund II, Separately Managed Accounts & Related Structures, Accord+ Fund is an Opportunistic Strategy Fund Investing in High Quality & Top of Capital Structure Investments in Private Corporate Credit, Asset-Backed Finance & Secondary Opportunities, Total $40 Billion AUM in Apollo Hybrid Credit
2nd May 2025 | Hong Kong
Leading private equity firm Apollo ($751 billion AUM) has raised $8.5 billion for hybrid credit Accord+ Strategy, with $4.8 billion raised for Accord+ Fund II, and for separately managed accounts & related structures. Accord+ Fund is an opportunistic strategy fund investing in high quality & top of capital structure investments in private corporate credit, asset-backed finance & secondary opportunities. Apollo hybrid credit strategy has a total $40 billion AUM. Apollo (1/5/25): “Apollo (NYSE: APO) today announced it has closed on $8.5 billion in total commitments for the Accord+ strategy, inclusive of $4.8 billion for Accord+ Fund II (“the Fund”) as well as separately managed accounts and related structures. The successful close of the second vintage exceeds internal targets and brings total assets for Apollo’s hybrid credit business to approximately $40 billion. Accord+ II employs an opportunistic strategy focusing on high-conviction investments across the credit spectrum. The Fund is expected to tactically allocate to high quality, top of the capital structure investments across both private corporate credit and asset-backed finance as well as secondary opportunities as informed by prevailing market conditions … … The Accord+ II close reflects broad support from a global and diverse group of investors including pension funds, sovereign wealth funds, financial institutions and family offices. Apollo intends to continue building its Accord strategy family within its hybrid business, including future funds and bespoke credit solutions tailored to institutional and wealth clients.” Also in 2025 May, Apollo raised $5.4 billion for new secondaries fund Apollo S3 Equity & Hybrid Solutions Fund I, with the fund providing financing & liquidity solutions for private markets sponsors & investors via secondary investments, NAV (Net Asset Value) loans, GP lending & staking. Since 2022 launch, Apollo S3 Platform (Sponsor & Secondary Solutions) has raised $10 billion. In 2025 February, Apollo announced to buy real estate asset manager Bridge Investment Group ($50 Billion AUM) for $1.5 billion in all-share-deal representing 45% premium to the last closing price (24/2/25). In 2024 December, Apollo is planning to launch 11th private equity fund in 2025 targeting to raise $25 billion. In 2023, Apollo closed the 10th private equity fund with $20 billion. In 2024 November, Apollo is targeting $150 billion raise from the wealth business by 2029, and expansion in APAC with focus on hiring in Japan, South Korea, Australia, Singapore & Hong Kong. Apollo has raised $5 billion from affluent investors in APAC since the launch of the Private Wealth unit in APAC in 2022.
“ $751 Billion Private Equity Firm Apollo Raised $8.5 Billion for Hybrid Credit Accord+ Strategy with $4.8 Billion for Accord+ Fund II, Separately Managed Accounts & Related Structures, Accord+ Fund is an Opportunistic Strategy Fund Investing in High Quality & Top of Capital Structure Investments in Private Corporate Credit, Asset-Backed Finance & Secondary Opportunities, Total $40 Billion AUM in Apollo Hybrid Credit “
Chris Lahoud, Partner & Head of Opportunistic Credit at Apollo: “As rates stay higher-for-longer and volatility impacts capital flows, we see an attractive market for opportunistic credit investments, alongside our highest-conviction themes. We believe our scaled, integrated Credit platform positions us well to execute with speed and certainty in all market environments, including periods of dislocation.”
John Zito, Co-President of Apollo Asset Management & Head of Credit: “We are pleased to see strong investor demand for the latest vintage of our Accord+ series, which we view as a result of our investment acumen, alignment and the market opportunity at hand. Accord+ is also a great illustration of our focus on product innovation, building upon the original Accord dislocation strategy to respond to investor needs and deploy capital to many of our best ideas throughout market cycles.”
Apollo – Apollo is a global, high-growth alternative asset manager. In its asset management business, Apollo seeks to provide clients excess return at every point along the risk-reward spectrum from investment grade to private equity, with a focus on three core strategies: yield, hybrid, and equity. For more than three decades, Apollo’s investing expertise across its fully integrated platform has served the financial return needs of clients and provided businesses with innovative capital solutions for growth. Through Athene, Apollo’s retirement services business, it specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Apollo’s patient, creative, and knowledgeable approach to investing aligns its clients, the businesses it invests in, its team members, and the communities it impacts to expand opportunity and drive positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management.
$751 Billion Private Equity Firm Apollo Raised $5.4 Billion for New Secondaries Fund Apollo S3 Equity & Hybrid Solutions Fund I, Fund Provides Financing & Liquidity Solutions for Private Markets Sponsors & Investors via Secondary Investments, NAV Loans, GP Lending & Staking, $10 Billion Raised Since 2022 Launch for Apollo S3 Platform (Sponsor & Secondary Solutions)
2nd May 2025 – Leading private equity firm Apollo ($751 billion AUM) has raised $5.4 billion for new secondaries fund Apollo S3 Equity & Hybrid Solutions Fund I, with the fund providing financing & liquidity solutions for private markets sponsors & investors via secondary investments, NAV (Net Asset Value) loans, GP lending & staking. Since 2022 launch, Apollo S3 Platform (Sponsor & Secondary Solutions) has raised $10 billion. Apollo (1/5/25): “Apollo (NYSE: APO) today announced the final close of Apollo S3 Equity and Hybrid Solutions Fund I (“ASEHS” or the “Fund”), the flagship equity secondaries drawdown strategy of Apollo’s Sponsor and Secondary Solutions (S3) platform, with approximately $5.4 billion in commitments. The final closing exceeded the target, reflecting strong support from a diverse group of global investors including pension funds, sovereign wealth funds, financial institutions and the Wealth segment. The new fund brings total capital raised across the Apollo S3 platform to nearly $10 billion since launching in August 2022. S3 and ASEHS seek to provide a holistic set of financing and liquidity solutions, including secondary investments, net asset value (NAV) loans, GP lending, staking and more, for private markets sponsors and investors across asset classes, leveraging Apollo’s expertise in private markets and global, integrated platform. Following record levels of secondary transaction activity in 2024, Apollo believes the Fund is well positioned to continue to address significant market needs for dynamic liquidity solutions for GPs and LPs while providing strong alignment with investors.” In 2025 February, Apollo announced to buy real estate asset manager Bridge Investment Group ($50 Billion AUM) for $1.5 billion in all-share-deal representing 45% premium to the last closing price (24/2/25). In 2024 December, Apollo is planning to launch 11th private equity fund in 2025 targeting to raise $25 billion. In 2023, Apollo closed the 10th private equity fund with $20 billion. In 2024 November, Apollo is targeting $150 billion raise from the wealth business by 2029, and expansion in APAC with focus on hiring in Japan, South Korea, Australia, Singapore & Hong Kong. Apollo has raised $5 billion from affluent investors in APAC since the launch of the Private Wealth unit in APAC in 2022.
Co-Heads of Apollo S3 Steve Lessar, Veena Isaac & Konnin Tam: “We believe this successful fundraise solidifies S3 as a leading investment platform providing flexible capital solutions across the secondaries landscape. The strong support that we received from our global investors reflects our differentiated platform and strategy, our disciplined, partnership-oriented approach, as well as the vast and growing opportunity set in private market secondaries.”
Apollo Co-President Scott Kleinman: “We have made incredible progress since launching our S3 business unit less than three years ago, efficiently scaling a new business line in a high-growth market. The provision of liquidity solutions in a variety of formats to both sponsors and LP investors is an increasingly important part of the financial ecosystem, and we believe the S3 platform is positioned as a creative capital solutions provider of choice amid robust market demand.”
Apollo – Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management.
Apollo S3 – S3 is Apollo’s Sponsor & Secondary Solutions business. S3 provides flexible capital solutions to asset managers and limited partners across the risk-reward spectrum. S3 is a natural extension of Apollo’s global investment platform, offering partner-oriented capital across asset classes including private equity, private credit, infrastructure and real estate.
$733 Billion Private Equity Firm Apollo to Buy Real Estate Asset Manager Bridge Investment Group with $50 Billion AUM for $1.5 Billion in All-Share-Deal Representing 45% Premium to Last Closing Price (24/2/25), Founded in 2009 & IPO in 2021, Bridge Investment Group Chairman Bob Morse Will Become Partner at Apollo & Head of Real Estate Equity Business
25th February 2025 – Leading private equity firm Apollo ($733 billion AUM) has announced to buy real estate asset manager Bridge Investment Group ($50 Billion AUM) for $1.5 billion in all-share-deal representing 45% premium to the last closing price (24/2/25). Bridge Investment Group was founded in 2009 & IPO in 2021. Bridge Investment Group Chairman Bob Morse will become a Partner at Apollo & Head of Real Estate Equity business. Apollo (24/2/25): “Apollo (NYSE: APO) and Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced they have entered into a definitive agreement for Apollo to acquire Bridge in an all-stock transaction with an equity value of approximately $1.5 billion. Founded in 2009, Bridge is an established leader in residential and industrial real estate as well as other specialized real estate asset classes. Led by an experienced senior leadership team and over 300 dedicated investment professionals with significant real estate investment and operating expertise, Bridge’s forward-integrated model, nationwide operating platform and data-driven approach have fostered organic growth and consistently produced desirable outcomes across asset classes. Bridge will provide Apollo with immediate scale to its real estate equity platform and enhance Apollo’s origination capabilities in both real estate equity and credit, which is expected to benefit Apollo’s growing suite of hybrid and real estate product offerings. Bridge manages approximately $50 billion of high-quality AUM in real estate products targeting both institutional and wealth clients and is expected to be highly synergistic with Apollo’s existing real estate equity strategies and leading real estate credit platform. The transaction is expected to be immediately accretive to Apollo’s fee-related earnings upon closing.” In 2024 December, Apollo Capital Management ($733 billion AUM) is planning to launch 11th private equity fund in 2025 targeting to raise $25 billion. In 2023, Apollo closed the 10th private equity fund with $20 billion. In 2024 November, Apollo Capital Management ($733 billion AUM) is targeting $150 billion raise from the wealth business by 2029, and expansion in APAC with focus on hiring in Japan, South Korea, Australia, Singapore & Hong Kong. Apollo has raised $5 billion from affluent investors in APAC since the launch of the Private Wealth unit in APAC in 2022.
Apollo Partner and Co-Head of Equity David Sambur: “We are pleased to announce this transaction with Bridge, which is highly aligned with Apollo’s strategic focus on expanding our origination base in areas of our business that are growing but not yet at scale. Led by a respected real estate team including Executive Chairman Bob Morse and CEO Jonathan Slager, Bridge brings a seasoned team with deep expertise and a strong track record in their sectors. Their business will complement and further augment our existing real estate capabilities, and we believe we can help scale Bridge’s products by leveraging the breadth of our integrated platform. We look forward to working with Bob and the talented Bridge team as we seek to achieve the strategic objectives we laid out at our recent Investor Day.”
Bridge Executive Chairman Bob Morse: “We are proud to be joining Apollo and its industry-leading team, who share our commitment to performance and excellence. This transaction will allow the Bridge and Apollo teams to grow on the strong foundation that Bridge has built since 2009 as we work to pursue meaningful value and impact for our investors and communities. With Apollo’s global integrated platform, resources, innovation and established expertise, we are confident that Bridge will be positioned for the next phase of growth amid growing demand across the alternative investments space.”
Apollo – Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management.
Bridge Investment Group – Bridge is a leading alternative investment manager, diversified across specialized asset classes, with approximately $50 billion of assets under management as of December 31, 2024. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select verticals across real estate, credit, renewable energy and secondaries strategies.
$733 Billion Private Equity Firm Apollo to Launch 11th Private Equity Fund in 2025 Targeting to Raise $25 Billion, Closed 10th Private Equity Fund in 2023 with $20 Billion
12th December 2024 – Leading private equity firm Apollo ($733 billion AUM) is planning to launch 11th private equity fund in 2025 targeting to raise $25 billion. In 2023, Apollo closed the 10th private equity fund with $20 billion. In 2024 November, Apollo Capital Management ($733 billion AUM) is targeting $150 billion raise from the wealth business by 2029, and expansion in APAC with focus on hiring in Japan, South Korea, Australia, Singapore & Hong Kong. Apollo has raised $5 billion from affluent investors in APAC since the launch of the Private Wealth unit in APAC in 2022.
$631 Billion Private Equity Firm Apollo Raised $35 Billion from APAC Since 2022 Led by Head of APAC Matthew Michelini, Focused on Raising Capital from Institutional Investors with Insurers Investing $14 Billion, Fund Strategies in Private Markets Include Private Credit & Hybrid Financing, Stopped Asia Real Estate Equity Fund
20th April 2024 – Apollo, one of the world’s top private equity & alternative asset manager with $631 billion (AUM), has raised $35 billion from Asia-Pacific (APAC) since 2022 led by Head of APAC Matthew Michelini (16 years at Apollo since 2006). In APAC, Apollo focused on raising capital from institutional investors with insurers investing $14 billion of the $35 billion raised since 2022. Apollo fund strategies (APAC) in private markets include private credit & hybrid financing, and had stopped Asia real estate equity fund. In 2023 December, Apollo appointed Edward Moon as Partner, 2 years after joining Apollo from HSBC Private Bank. Edward Moon is Apollo Head of Asia-Pacific Global Wealth and had joined in 2022 from HSBC Private Bank (Managing Director & Head of Alternative Investments, APAC). Edward Moon has more than 30 years of financial industry experience including at Citigroup, Credit Suisse & Bank of Singapore (Private Bank). In 2021, Apollo Capital Management had implemented major strategic growth plan on offering alternative investment solutions to both individual investors and to wealth advisors. On 2nd December 2021, Apollo Capital Management announced the plan to buy the United States wealth distribution and asset management businesses of Griffin Capital ($5 billion AUM).
$631 Billion Private Equity Firm Apollo Appoints Edward Moon as Partner, Edward Moon is Apollo Head of Asia-Pacific Global Wealth & Joined in 2022 from HSBC Private Bank, More than 30 Years of Financial Industry Experience Including Citigroup, Credit Suisse & Bank of Singapore
23rd December 2023 – Apollo, one of the world’s top private equity & alternative asset manager with $631 billion (AUM), has appointed Edward Moon as Partner, 2 years after joining Apollo from HSBC Private Bank. Edward Moon is Apollo Head of Asia-Pacific Global Wealth and had joined in 2022 from HSBC Private Bank (Managing Director & Head of Alternative Investments, APAC). Edward Moon has more than 30 years of financial industry experience including at Citigroup, Credit Suisse & Bank of Singapore (Private Bank). In 2021, Apollo Capital Management had implemented major strategic growth plan on offering alternative investment solutions to both individual investors and to wealth advisors. On 2nd December 2021, Apollo Capital Management announced the plan to buy the United States wealth distribution and asset management businesses of Griffin Capital ($5 billion AUM).
Edward Moon, Apollo Managing Director & Head of Asia Pacific Global Wealth – Edward Moon is Managing Director and Head of Asia Pacific Global Wealth in the Client and Product Solutions group at Apollo. Prior to joining in 2022, Edward was Managing Director and Head of Alternative Investments, Asia Pacific at HSBC Global Private Banking. Previously, he was Executive Director and Head of Hedge Funds and Liquid Alternatives at Bank of Singapore and served as CIO of Woori Absolute Partners before that. Earlier in his career, Edward served as Co-CIO and Managing Partner at EDGE Holdings Ltd.; as VP and Head of Equity Capital Markets (Korea) at Citigroup, and co-established Credit Suisse’s representative office in Korea.
$481 Billion Apollo Hires HSBC Private Bank Edward Moon as Head of Asia-Pacific Global Wealth
3rd December 2021 – Apollo, one of the world’s top private equity & alternative asset manager with $481 billion AUM, has hired HSBC Private Bank Managing Director Edward Moon as Head of Asia-Pacific Global Wealth. Joining in January 2022, Edward Moon was HSBC Private Bank Managing Director and Regional Head of Alternatives (Asia). Apollo Capital Management has implemented major strategic growth plan on offering alternative investment solutions to both individual investors and to wealth advisors. On 2nd December 2021, Apollo Capital Management announced the plan to buy the United States wealth distribution and asset management businesses of Griffin Capital ($5 billion AUM). (Assets under Management)
Edward Moon, Private Banking to Private Equity & Alternatives
Edward Moon has more than 20 years of of financial industry experience across alternatives, investment management and investment banking. He was HSBC Private Bank Managing Director and Regional Head of Alternatives (Asia), and earlier in his career was responsible for all hedge fund and liquid alternative investments at Bank of Singapore, held various roles at Lighthouse Canton (Managing Director), Woori Financial Group (Chief Investment Officer for alternative investments platform), Citigroup (VP) and Credit Suisse.
About Apollo
Apollo is a high-growth, global alternative asset manager. We seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid and equity. Through our investment activity across our fully integrated platform, we serve the retirement income and financial return needs of our clients, and we offer innovative capital solutions to businesses. Our patient, creative, knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2021, Apollo had approximately $481 billion of assets under management. To learn more, please visit www.apollo.com.
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