Apollo Global Management, Sumitomo Mitsui Trust Holdings (SuMi TRUST), Sumitomo Mitsui Trust Bank, and GreensLedge Capital Markets have formed a new strategic investment portfolio, anchored by a $1.5 billion investment by SuMi TRUST in a propriety portfolio of alternative assets managed by Apollo, according to an announcement from Sumitomo.
Among the alternative assets the portfolio will target are private investments in low-liquidity assets, such as private equity, real estate, infrastructure, and credit assets.
Together with other third-party commitments, SuMi TRUST’s $1.5 billion commitment will bring a total of more than . . .
Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.