Apollo Fundraising For Metals, Mining, Energy Vehicle

Jul 26 2011 | 1:49pm ET

Apollo Global Management is planning a natural resources fund, its second foray into the metals and mining space.

The New York-based firm, which manages $27 billion, hopes to raise $1.5 billion for the new fund, which will also invest in energy assets. The move comes less than a year after the firm closed in Metals Trading hedge fund.

According to Bloomberg News, Apollo is talking up its success running several metals and oil companies in its fundraising pitch.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note