Apollo Completes Acquisition of Griffin Capital
03 Mai 2022 - 2:00PM
Apollo (NYSE: APO) today announced it has completed its previously
announced acquisition of the US asset management business of
Griffin Capital (“Griffin”). As a result of the final close, Apollo
has added two individual-investor focused products to its platform
as well as the associated asset management team. This follows the
March 2022 close of Griffin’s wealth distribution business, through
which Apollo added approximately 60 client-facing distribution
professionals to its Global Wealth business.
Stephanie Drescher, Chief Client and Product Development Officer
of Apollo, said, “We are excited to close the Griffin Capital
acquisition, which has added significant scale, new capabilities
and additional investment products to our fast-growing Global
Wealth business. We continue to execute against our ambitious
global growth plans to bring more of Apollo’s alternative
strategies to individuals and their wealth advisors.”
As a result of the final close, the Griffin Institutional Access
Real Estate Fund and the Griffin Institutional Access Credit Fund
are now advised by Apollo and have been renamed the Apollo
Diversified Real Estate Fund and Apollo Diversified Credit Fund,
respectively. The two interval funds have approximately $6.5bn in
total assets under management, as of April 30, 2022.
About Apollo
Apollo is a global, high-growth alternative asset manager. In
our asset management business, we seek to provide our clients
excess return at every point along the risk-reward spectrum from
investment grade to private equity with a focus on three business
strategies: yield, hybrid, and equity. For more than three decades,
our investing expertise across our fully integrated platform has
served the financial return needs of our clients and provided
businesses with innovative capital solutions for growth. Through
Athene, our retirement services business, we specialize in helping
clients achieve financial security by providing a suite of
retirement savings products and acting as a solutions provider to
institutions. Our patient, creative, and knowledgeable approach to
investing aligns our clients, businesses we invest in, our
employees, and the communities we impact, to expand opportunity and
achieve positive outcomes. As of December 31, 2021, Apollo had
approximately $498 billion of assets under management. To learn
more, please visit www.apollo.com.
Contacts
Noah GunnGlobal Head of Investor RelationsApollo Global
Management, Inc.(212) 822-0540IR@apollo.com
Joanna RoseGlobal Head of Corporate CommunicationsApollo Global
Management, Inc.(212) 822-0491Communications@apollo.com
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