Apollo (APO) Accelerates Global Wealth Build with Acquisition of Griffin

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Apollo Accelerates Global Wealth Build with Acquisition of Griffin

December 2, 2021 8:01 AM EST

Strategic Acquisition to Add US Wealth Distribution Team and Individual Investor-Focused Real Estate and Credit Products with Over $5 Billion of AUM

NEW YORK, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that it has entered into a definitive agreement to acquire the US wealth distribution and asset management businesses of Griffin Capital (Griffin). The acquisition is a significant step in building Apollos Global Wealth Management Solutions business, which is focused on the development and distribution of alternatives to individual investors and their wealth advisors.

Established in 1995, Griffin has... More