Buyout and distressed debt investor Apollo Global Management has raised almost $980 million for the Apollo European Principal Finance Fund (EPF), according to a recent filing with the Securities and Exchange Commission.
The fund, which is targeting $2 billion, invests in European non-performing loans and as of 30 June this year had made ten investments in non-performing loan portfolios throughout Europe.
Apollo nears $1bn for European debt fund
Leon Black’s firm is close to the halfway mark as it seeks to raise $2 billion to invest in non-performing loans across Europe.
