Apollo Funds to invest in $1.4bn in Aldar Properties of UAE
ABU DHABI, UAE: Aldar Properties and Apollo Global Management (NYSE: APO) have signed a landmark commitment that will see Apollo-managed funds and clients invest a total of US$1.4 billion in strategic capital to drive Aldar’s transformational growth initiatives. The commitments are structured in the following components: • US$500 million: Investment into a land joint venture…