– Apollo announced the final close of Apollo Hybrid Value Fund III (HVF III), raising approximately $6.5 billion in total commitments.
– The fund received strong backing from both new and existing investors across a diverse global base, including pension funds, sovereign wealth funds, insurance companies, endowments, institutional investors, and wealth investors.
– Apollo’s Hybrid Value strategy focuses on flexible, partnership-oriented capital solutions positioned between traditional debt and equity.
– The strategy primarily invests in structured equity opportunities, including preferred and convertible securities.
– Jason Scheir said the strong investor support reflects continued confidence in Apollo’s strategy and track record. Scheir added that Apollo has built its Hybrid Value franchise to deliver bespoke partnership capital at scale.
– Apollo stated that its broader hybrid ecosystem continues to expand with a growing capital base across hybrid strategies.
– Matt Nord said hybrid strategies provide a compelling risk-reward framework amid market cycles and elevated uncertainty. Nord emphasized Apollo’s ability to provide scaled and flexible capital through its integrated platform, positioning the firm as a preferred partner for leading companies and sponsors worldwide.
