Finance
Apollo to Shun Fossil-Fuel Investments in Next Buyout Fund
- Firm is seeking to raise $25 billion for new investment pool
- Energy losses weighed on Apollo’s 2013 buyout vehicle
This article is for subscribers only.
Apollo Global Management Inc. is pledging not to invest in fossil fuels in its next buyout fund, distancing itself from a sector that has led to losses and controversy for private equity firms.
The company has communicated the plan while seeking to raise $25 billion for its latest flagship offering, according to people familiar with the matter.