Apollo Global Management raises $518m

The New York-based firm has raised capital for its third real estate fund.

Fund name: Apollo US Real Estate Fund III
Stage of fundraising: First close
Predecessor fund: Apollo US Real Estate Fund II ($863 million)

Apollo Global Management has raised $518 million for Apollo US Real Estate Fund III, according to a Form D filed by the firm. Capital raised will be used to invest across several sectors throughout North America.