Apollo Jumps Into Impact Investing With Plan to Raise $1 Billion
By Gillian Tan
Apollo Global Management LLC is planning to set up an impact investing arm, according to people with knowledge of the matter, following some of its biggest peers in targeting funds dedicated to sustainability.
The New York-based firm is seeking at least $1 billion for its debut social impact fund, said the people, who requested anonymity because the matter is private. A representative for Apollo declined to comment.
Photo courtesy of Helloquence.