Fundraising

Apollo Global Management raises $518m

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

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• 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.