Apollo Global Management raises $743m

The New York-based asset manager has raised capital for its fourth debt fund.

Fund name: Financial Credit Investment IV
Amount raised: $743 million
Predecessor fund: Financial Credit Investment III

Apollo Global Management has raised $743 million for Financial Credit Investment IV, according to a recent US Securities and Exchange Commission filing. Capital raised will be used to invest in financial service companies across North America, Europe and Asia- Pacific.

The fund’s predecessor, Financial Credit Investment III raised $1.91 billion in 2018.