Apollo Global closes secondaries fund at $5.4B

Apollo announced the final close of Apollo S3 Equity and Hybrid Solutions Fund I, the flagship equity secondaries drawdown strategy of Apollo’s Sponsor and Secondary Solutions platform, with approximately $5.4B in commitments. The final closing exceeded the target, reflecting strong support from a diverse group of global investors including pension funds, sovereign wealth funds, financial institutions and the Wealth segment. The new fund brings total capital raised across the Apollo S3 platform to nearly $10B since launching in August 2022. S3 and ASEHS seek to provide a holistic set of financing and liquidity solutions, including secondary investments, net asset value loans, GP lending, staking and more, for private markets sponsors and investors across asset classes, leveraging Apollo’s expertise in private markets and global, integrated platform. Following record levels of secondary transaction activity in 2024, Apollo believes the Fund is well positioned to continue to address significant market needs for dynamic liquidity solutions for GPs and LPs while providing strong alignment with investors.