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In 2002, when Ares raised its initial company alternatives fund, the company announced that it might different from its previous guardian company. The timing of the separation also coincided with Apollo's legal troubles Along with the Condition of California in excess of its invest in of Government Everyday living Insurance provider in 1991.
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In Might 2008, Apollo invested in Vantium, a corporation that purchases residential mortgage property as Portion of a strategy to profit from America housing market correction.[82]
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Due to the fact its inception in 1990, Apollo has raised ten flagship non-public fairness cash, as follows: Fund
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