Apollo, Ares raise more green for sophomore special opps funds

Apollo’s and Ares’ vehicles are among a handful of special opportunities funds targeting an estimated combined $20bn to $25bn.

Apollo Global Management and Ares Management are nearing closes of their latest special opportunities offerings after vigorous fundraising in 2021’s final months.

In its fourth quarter and 2021 earnings call, Apollo reported securing more than $4 billion for Apollo Hybrid Value Fund II as of the end of December.

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