Fundraising - APRIL 3, 2017

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Apollo raises $281.7m for Asian real estate fund

by Jody Barhanovich

Apollo Global Management, a New York City–based global alternative investment manager, has raised $281.7 million for its Apollo Asia Real Estate Fund, according to a filing with the SEC.

Apollo Asia Real Estate Fund, which opened in March 2016, will invest in real estate in primary and secondary markets throughout Asia Pacific.

Apollo typically pursues opportunistic investments in various real estate asset classes, according to the firm’s website. These include hospitality, office, industrial, retail, healthcare and residential.

As of Dec. 31, 2016, Apollo’s real estate group had assets under management of approximately $12 billion through a combination of investment funds, strategic accounts and Apollo Commercial Real Estate Finance, a publicly traded commercial mortgage REIT managed by an Apollo affiliate, according to the firm’s website.

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