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Apollo: $2bn Secondary Credit Investments Fund Explained

Apollo Management, a leading alternative investment manager, is raising approximately $2 billion for its second fund that focuses on secondary credit investments.

Apollo Global Management expands investment portfolio with $2 billion second fund. PHOTO: Jeenah Moon/Bloomberg

Sources familiar with the matter state that the fund will be officially marketed by the end of the first quarter.

In April 2021, Apollo launched its credit secondaries platform, which already manages $1 billion in assets. This platform involves purchasing discounted stakes in existing debt funds, a strategy

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