Japan's Sumitomo Mitsui commits $1.5bn to Apollo
Japan’s Sumitomo Mitsui Trust Holdings has signed up to an alternatives co-investment program run by Apollo Global Management, taking the total capital raised from Asia-based LPs to more than USD 5bn.
Sumitomo Mitsui and its subsidiary Sumitomo Mitsui Trust Bank will invest USD 1.5bn alongside Apollo and Athene, Apollo’s insurance affiliate, in a portfolio of diversified alternative assets. Including...
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