Apollo Hybrid Value Fund III Raises $6.5 Billion

Paul, Weiss advised Apollo on the formation and fundraising for Apollo Hybrid Value Fund III, which announced its final close with approximately $6.5 billion in total commitments. The Hybrid Value strategy focuses on delivering flexible, partnership-oriented solutions that sit between traditional debt and equity. The fund attracted a diverse, global investor base, including pension funds, sovereign wealth funds, insurance companies, endowments and other institutional and wealth investors.

The Paul, Weiss team was led by corporate partners Matthew Goldstein and Robert Tananbaum, and included partners Marco Masotti, Brad Finkelstein, Flora Go, Hannah Wilson and Jennifer Songer, and counsel Scott Balterman, David Levine, Lisa Koff, Ashley Hearn, Femi Austin and Jeremy Larkins; tax partners Sohail Itani, Cian O’Connor and Jamie Chambers; and executive compensation counsel Jake Glazeski.