Apollo closes $6.5 billion Hybrid Value Fund III with global investors

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Apollo Hybrid Value Fund III Raises $6.5 Billion

May 5, 2026 8:01 AM EDT

NEW YORK, May 05, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced the final close of Apollo Hybrid Value Fund III (HVF III), raising approximately $6.5 billion in total commitments, reflecting strong support from both new and existing investors. The Fund attracted a diverse, global investor base, including pension funds, sovereign wealth funds, insurance companies, endowments and other institutional and wealth investors.

The Hybrid Value strategy focuses on delivering flexible, partnership-oriented solutions that sit between traditional debt and equity. The strategy primarily invests in structured equity opportunities, including preferred and convertible securities, and provides capital... More