Apollo Global Management has launched its first European real estate debt fund, targeting €1 bn in commitments, according to market reports.
The vehicle marks the first time the New York-based alternative asset manager is seeking to raise third-party capital alongside its own funds to invest in originating European real estate loans, the reports suggest.
Apollo declined to comment when contacted by PropertyEU.
The firm is said to have started meeting with global institutional investors about the fund, which would invest in originating loans backed by institutional-grade property in the UK and Continental Europe.
