Apollo Closes Accord Fund VII at $1.9 Billion

Paul, Weiss advised Apollo on the fundraising for Apollo Accord Fund VII, which held its final close with $1.9 billion in total commitments. The fund received broad support from a global and diverse group of investors including pension funds, financial institutions, endowments, foundations and family offices.

Accord VII is the latest vintage of Apollo’s flagship Accord Dislocation Series, which has raised $11.6 billion since inception in 2017. The strategy pursues dislocated liquid credit during periods of market volatility, as well as select idiosyncratic and issuer-driven opportunities in more stable market environments.

The Paul, Weiss team is led by corporate partners Matthew Goldstein and Robert Tananbaum, and includes tax partner Sohail Itani.