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    Home»Funds»Apollo pushes into funds for wealthy investors
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    Apollo pushes into funds for wealthy investors

    May 9, 2022Updated:May 9, 20221 Min Read
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    Apollo executives said the firm hired 125 people for its global wealth business in the first quarter

    Apollo Global Management said it will release a slate of funds designed for individual investors, making it the latest alternative-asset giant to set its sights on the fundraising potential of the so-called retail market.

    The New York firm said on 5 May it expects to release one to two new investment products designed for individual investors each quarter for the next 18 to 24 months. That pace would mark a major expansion for Apollo’s retail business, which had four product offerings as of last year.

    Apollo chief executive Marc Rowan said the company has the second-largest such group among alternative-investment managers, and he is optimistic the firm will exceed its previously announced target of raising $50bn from individual investors over the next five years.

    Read more: Financial News

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