Thursday, 30 June 2016
Last updated 35 min ago
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.