Apollo Forms Strategic Partnership With SuMi TRUST

Paul, Weiss is advising Apollo in the formation of a strategic partnership with Sumitomo Mitsui Trust Holdings, Inc. and its consolidated subsidiary Sumitomo Mitsui Trust Bank, Limited (SuMi TRUST), the only dedicated trust banking group in Japan. Under the terms of the partnership, SuMi TRUST has committed to investing $1.5 billion side-by-side with Apollo and Athene in a proprietary portfolio of diversified alternative assets. The partnership underscores Apollo’s commitment to Asia-Pacific, including in Japan where the firm is increasing its presence to capitalize on significant market opportunities.

The Paul, Weiss team includes corporate partners Matthew Goldstein, Brad Finkelstein, Marco Masotti, Brian Janson, Gregory Ezring and Tong Yu, and counsel Marc Palumbo, David Levine, Sarah Wolpert and Femi Austin; and tax partner Brian Grieve.