Apollo Joins the Impact Investing Craze
Apollo Global Management is planning to set up an impact investing arm, according to people with knowledge of the matter, following some of its biggest peers (KKR & Co and TPG Capital) in targeting funds dedicated to sustainability.
The New York-based firm, who currently has $312 billion in assets under management, is seeking at least $1 billion for its debut social impact fund, according to sources, who requested anonymity because the matter is private. Apollo declined to comment.
For more background please check the MSN article.