Apollo Closes $8.5 Billion for Accord+ Strategy

Funding | May 01, 2025 | Apollo

Apollo has secured $8.5 billion in commitments for its Accord+ strategy, including $4.8 billion for the Accord+ Fund II. This success surpasses internal targets and boosts Apollo's hybrid credit business to approximately $40 billion in total assets. The strategy focuses on opportunistic credit investments across the spectrum, benefiting from current market conditions of high interest rates and volatility. Investors include pension funds, sovereign wealth funds, and financial institutions. Apollo aims to expand the Accord strategy family further. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisors for the Fund close.

Sectors

  • Private Equity
  • Credit Investment
  • Legal Services

Geography

  • United States – Apollo is based in New York, and the activities discussed in the article are happening in the U.S., highlighting its significant role in global finance.

Industry

  • Private Equity – The article discusses Apollo, a private equity firm, and its latest fundraising for investment in credit strategies.
  • Credit Investment – The article focuses on Apollo's Accord+ strategy which targets opportunistic credit investments.
  • Legal Services – The involvement of Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal advisors in the Accord+ Fund II closing deals with legal aspects of the transaction.

Financials

  • 8.5 billion – Total commitments raised for the Accord+ strategy.
  • 4.8 billion – Commitments specifically raised for the Accord+ Fund II.
  • 40 billion – Total assets under Apollo's hybrid and opportunistic credit business.

Participants

NameRoleTypeDescription
ApolloPrivate Equity FirmCompanyApollo is a global alternative asset manager with a focus on hybrid, yield, and equity strategies.
Paul, Weiss, Rifkind, Wharton & Garrison LLPLegal AdvisorCompanyLaw firm that represented Apollo in the closing of the Accord+ II Fund.
Chris LahoudPartner and Head of Opportunistic CreditPersonChris Lahoud commented on the market opportunity for opportunistic credit investments.
John ZitoCo-President of Apollo Asset Management and Head of CreditPersonJohn Zito highlighted investor demand for the Accord+ series and the strategy's focus on product innovation.