Apollo Targets Wealthy Europeans With New Private Capital Funds

Apollo Global Management Inc. is rolling out three new private capital funds for wealthy individual investors in Europe, intensifying the competition for a group seen as key to the growth of private markets.

The three new funds will broaden access to Apollo’s European private credit, global diversified credit and private markets secondaries offerings, with clients able to invest in each for as little as €10,000 ($11,791), according to Véronique Fournier, Apollo’s head of EMEA wealth distribution. Investors will have monthly opportunities to put in new capital and a quarterly redemption limit of 5%, she said.

This type of evergreen ...