The private equity giant is looking at opportunities to acquire secondaries firms or set the unit up organically, according to co-president and co-COO Scott Nuttall.
Apollo’s entry into the credit secondaries market could add the dry powder needed for ignition.
Bracket Capital, which has made a name for itself from its deals in Lyft, Airbnb, Bird and Coinbase, sees opportunities growing in secondaries transactions in venture.
The firm has hired four investment professionals to its US office over the past year as it seeks $3.5bn for its latest secondaries fund.
The credit behemoth has earmarked $1bn of insurance client capital for its launch into private debt secondaries.
The Blackstone unit, run by global head Verdun Perry, is expected to hold its first close in H2 for Strategic Partners Fund IX.
The preferred equity specialist has raised $7.5bn and grown its headcount to 85 since it was founded in 2015.
World’s largest infrastructure investor has hired two executives for the New York-based team and intends eventually to raise third-party capital.
The $197bn private credit and private equity giant follows TPG and Brookfield in looking to gain exposure to the rapidly growing secondaries market.
The manager will invest in smaller, off-market opportunities in the LP portfolio- and GP-led markets.