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Apollo Closes Debut Secondaries Fund at $5.4 Billion, Exceeding Target
- Client News
- May 1, 2025
Paul, Weiss advised Apollo on the formation and fundraising for Apollo S3 Equity and Hybrid Solutions Fund I, the flagship equity secondaries drawdown strategy of Apollo鈥檚 Sponsor and Secondary Solutions (S3) platform, which announced its final close with approximately $5.4 billion in commitments. The final closing exceeded the target, reflecting strong support from a diverse group of global investors, and brings the total capital raised across the Apollo S3 platform to nearly $10 billion since launching in August 2022.
The Paul, Weiss team was led by corporate partners Matthew Goldstein and Robert Tananbaum, and included partners Marco Masotti, Anusha Simha, Aaron Schlaphoff and Jennifer Songer, and counsel Femi Austin, Jeremy Larkins, David Levine and Nathan Mitchell; tax partners Shane Milam, Brian Grieve and Timothy Lowe; and executive compensation counsel Jake Glazeski.