Permanent capital: the pathway to new investors

Apollo is in the vanguard of the trend as managers seek to lessen their reliance on drawdown vehicles.

When Apollo Global Management reported its earnings last week it announced almost half ($136.0 billion) of its $280.3 billion in assets under management is in permanent capital vehicles.

This is significant because permanent capital has the potential to attract new investors beyond the institutional investors typically committing to drawdown funds.