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Recognized as one of the most active and highly regarded investment management practices in the United States, our group represents all types of asset managers across the liquidity spectrum, including private equity funds, credit funds, hedge funds, venture capital funds, real estate funds, hybrid funds and family offices. We have successfully raised hundreds of billions of dollars for our clients, who benefit from our extensive market knowledge, industry-leading networking events and strong relationships with all major market participants.
Apollo Closes on $2.4 Billion in Commitments for Inaugural Accord+ Fund
- Client News
- November 21, 2022
Paul, Weiss advised Apollo in the formation of and fundraising for its Apollo Accord+ Fund (Accord+), its commingled multi-asset opportunistic credit offering, which closed on November 21 with $2.4 billion in commitments.
Accord+ is a closed-end fund that primarily targets performing, dislocated, privately originated and asset-backed credit opportunities centered on what Apollo believes represents the most attractive relative value based on prevailing market conditions. The new capital commitments bring total fundraising for the overarching Accord strategy to approximately $11 billion since inception, of which approximately $4.5 billion was raised in the past 12 months.
The Paul, Weiss team that worked on this fundraise and connected matters included corporate partners Victoria Forrester, Matthew Goldstein, Marco Masotti, Manuel Frey and Brad Finkelstein, and counsel Femi Austin; tax partner Brian Grieve, and counsel Sohail Itani; and executive compensation counsel Jake Glazeski.