Apollo Closes on $8.5 Billion for Accord+ Strategy, including $4.8 Billion for Second Vintage Fund
Apollo (NYSE: APO) has successfully closed $8.5 billion in total commitments for its Accord+ strategy, including $4.8 billion for Accord+ Fund II. This achievement brings Apollo's total hybrid credit business assets to approximately $40 billion. The Accord+ II fund focuses on opportunistic credit investments across private corporate credit and asset-backed finance, targeting high-quality, top-of-capital-structure investments and secondary opportunities. The fund received broad support from global investors, including pension funds, sovereign wealth funds, financial institutions, and family offices.
Apollo (NYSE: APO) ha concluso con successo impegni totali per 8,5 miliardi di dollari relativi alla sua strategia Accord+, di cui 4,8 miliardi di dollari destinati al Fondo Accord+ II. Questo risultato porta gli asset complessivi del business ibrido del credito di Apollo a circa 40 miliardi di dollari. Il fondo Accord+ II si concentra su investimenti creditizi opportunistici nel credito aziendale privato e nella finanza garantita da asset, puntando a investimenti di alta qualità, situati nella parte superiore della struttura del capitale, e opportunità secondarie. Il fondo ha ricevuto un ampio sostegno da parte di investitori globali, inclusi fondi pensione, fondi sovrani, istituzioni finanziarie e family office.
Apollo (NYSE: APO) ha cerrado con éxito compromisos totales por 8.500 millones de dólares para su estrategia Accord+, incluyendo 4.800 millones de dólares para el Fondo Accord+ II. Este logro eleva los activos totales del negocio híbrido de crédito de Apollo a aproximadamente 40.000 millones de dólares. El fondo Accord+ II se centra en inversiones crediticias oportunistas en crédito corporativo privado y financiamiento respaldado por activos, buscando inversiones de alta calidad, en la parte superior de la estructura de capital, y oportunidades secundarias. El fondo recibió un amplio apoyo de inversores globales, incluidos fondos de pensiones, fondos soberanos, instituciones financieras y oficinas familiares.
Apollo (NYSE: APO)는 Accord+ 전략을 위해 총 85억 달러의 약정을 성공적으로 마무리했으며, 이 중 48억 달러는 Accord+ 펀드 II에 해당합니다. 이 성과로 Apollo의 총 하이브리드 신용 자산은 약 400억 달러에 달하게 되었습니다. Accord+ II 펀드는 민간 기업 신용과 자산 담보 금융 전반에 걸친 기회주의적 신용 투자에 중점을 두며, 고품질의 자본 구조 상위 투자 및 2차 기회를 목표로 합니다. 이 펀드는 연기금, 국부펀드, 금융 기관, 패밀리 오피스 등 전 세계 투자자들로부터 폭넓은 지지를 받았습니다.
Apollo (NYSE : APO) a clôturé avec succès des engagements totaux de 8,5 milliards de dollars pour sa stratégie Accord+, dont 4,8 milliards de dollars pour le fonds Accord+ II. Cette réussite porte les actifs totaux de l’activité crédit hybride d’Apollo à environ 40 milliards de dollars. Le fonds Accord+ II se concentre sur des investissements opportunistes en crédit privé d’entreprise et en financement adossé à des actifs, visant des investissements de haute qualité, en haut de la structure du capital, ainsi que des opportunités secondaires. Le fonds a bénéficié d’un large soutien d’investisseurs mondiaux, notamment des fonds de pension, des fonds souverains, des institutions financières et des family offices.
Apollo (NYSE: APO) hat erfolgreich Gesamtzusagen in Höhe von 8,5 Milliarden US-Dollar für seine Accord+-Strategie abgeschlossen, darunter 4,8 Milliarden US-Dollar für den Accord+ Fonds II. Dieser Erfolg bringt die Gesamtvermögenswerte von Apollos Hybridkreditgeschäft auf rund 40 Milliarden US-Dollar. Der Accord+ II Fonds konzentriert sich auf opportunistische Kreditinvestitionen im Bereich privater Unternehmenskredite und asset-backed Finanzierung, mit Fokus auf hochwertige Investments an der Spitze der Kapitalstruktur sowie Sekundärchancen. Der Fonds erhielt breite Unterstützung von globalen Investoren, darunter Pensionsfonds, Staatsfonds, Finanzinstitute und Family Offices.
- Successful fundraising of $8.5 billion for Accord+ strategy, exceeding internal targets
- Total hybrid credit business assets reach $40 billion, demonstrating strong growth
- Broad investor base including institutional investors indicates strong market confidence
- Strategic positioning to capitalize on high-rate environment and market volatility
- None.
Insights
Apollo's $8.5B Accord+ fundraise boosts fee-generating assets, demonstrates investor confidence, and capitalizes on credit market opportunities.
Apollo's impressive
This fundraise brings Apollo's hybrid credit business to approximately
For Apollo shareholders, this development is decidedly positive. Asset managers generate revenue primarily through management fees based on assets under management, and this substantial influx will contribute to Apollo's recurring revenue stream. The opportunistic strategy also positions Apollo to potentially earn significant performance fees if market dislocations create attractive investment opportunities.
Management's commentary about the "higher-for-longer" rate environment reveals their strategic positioning. As traditional lenders remain cautious, Apollo can deploy capital across private corporate credit and asset-backed finance with "speed and certainty"—a competitive advantage during volatile periods. This tactical flexibility allows them to capitalize on dislocations while maintaining investment discipline.
The stated intention to continue expanding the Accord strategy indicates Apollo sees this as a scalable business line with further growth potential. This product innovation approach, evolving from the original Accord dislocation strategy, demonstrates Apollo's responsiveness to institutional investor needs across market cycles.
Brings Total Assets Raised Across Hybrid and Opportunistic Credit Business to
NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced it has closed on
Accord+ II employs an opportunistic strategy focusing on high-conviction investments across the credit spectrum. The Fund is expected to tactically allocate to high quality, top of the capital structure investments across both private corporate credit and asset-backed finance as well as secondary opportunities as informed by prevailing market conditions.
“As rates stay higher-for-longer and volatility impacts capital flows, we see an attractive market for opportunistic credit investments, alongside our highest-conviction themes,” said Chris Lahoud, Partner and Head of Opportunistic Credit at Apollo. “We believe our scaled, integrated Credit platform positions us well to execute with speed and certainty in all market environments, including periods of dislocation.”
John Zito, Co-President of Apollo Asset Management and Head of Credit, added, “We are pleased to see strong investor demand for the latest vintage of our Accord+ series, which we view as a result of our investment acumen, alignment and the market opportunity at hand. Accord+ is also a great illustration of our focus on product innovation, building upon the original Accord dislocation strategy to respond to investor needs and deploy capital to many of our best ideas throughout market cycles.”
The Accord+ II close reflects broad support from a global and diverse group of investors including pension funds, sovereign wealth funds, financial institutions and family offices. Apollo intends to continue building its Accord strategy family within its hybrid business, including future funds and bespoke credit solutions tailored to institutional and wealth clients.
Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Apollo in connection with the closing of the Accord+ II Fund.
About Apollo
Apollo is a global, high-growth alternative asset manager. In its asset management business, Apollo seeks to provide clients excess return at every point along the risk-reward spectrum from investment grade to private equity, with a focus on three core strategies: yield, hybrid, and equity. For more than three decades, Apollo’s investing expertise across its fully integrated platform has served the financial return needs of clients and provided businesses with innovative capital solutions for growth. Through Athene, Apollo’s retirement services business, it specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Apollo’s patient, creative, and knowledgeable approach to investing aligns its clients, the businesses it invests in, its team members, and the communities it impacts to expand opportunity and drive positive outcomes. As of December 31, 2024, Apollo had approximately
Apollo Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com
FAQ
How much did Apollo (APO) raise for its Accord+ Fund II in 2025?
What is the total asset size of Apollo's hybrid credit business after the Accord+ fundraising?
What is the investment strategy of Apollo's Accord+ II Fund?
Who are the main investors in Apollo's Accord+ II Fund?
