Real Estate - DECEMBER 2, 2021

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Apollo acquires Griffin Capital, largest investment in global wealth to-date

by Andrea Zander

Apollo has entered into a definitive agreement to acquire the U.S. wealth distribution and asset management businesses of Griffin Capital.

Apollo will acquire Griffin’s asset management business, which includes its investment team and more than $5 billion of assets under management in individual investor-focused products. Griffin, a pioneer in bringing alternatives to individual investors, was one of the earliest firms to launch the interval fund structure.

“The world of alternative investments is vast and competitive, and partnering with a world-class asset manager like Apollo is a logical step in the growth and evolution of Griffin,” commented Kevin Shields, chairman and CEO of Griffin Capital. “Apollo is committed to building its global wealth business, and they have the resources to foster growth of our existing interval fund business and bring creative, new alternative solutions to individual investors.”

The transaction is Apollo’s largest inves

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