Apollo European Principal Finance Completes Real Estate Portfolio Acquisition from ENPAM
March 24 2022 - 7:20AM
Apollo European Principal Finance Completes Real Estate Portfolio
Acquisition from ENPAM
Apollo (NYSE: APO) today announced that European Principal Finance
funds managed by its affiliates have completed its previously
announced acquisition of a portfolio of real estate assets (the
“Portfolio”) for €842 million from the Italian pension fund
Fondazione Ente Nazionale di Previdenza ed Assistenza dei Medici e
degli Odontoiatri (“ENPAM”). The portfolio is comprised of 68
high-quality commercial and residential assets, including hotel,
retail, logistics and parking assets primarily located in the
economic hubs of Rome and Milan.
European Principal Finance business is the second largest,
closed-end fund franchise at Apollo, with $8.6 billion in assets
under management as of year-end 2021. The EPF business launched in
2009 and was created to capture a broad variety of opportunities
across the real estate credit and equity risk
spectrum.
Advisors to the Apollo EPF funds in this transaction included
Realty Partners, with the support of JLL and Conio, as commercial
advisors; Lazard as financial advisor; Belvedere Inzaghi as legal
diligence advisor; Yard Reaas as a technical advisor; BonelliErede
and Sidley Austin as transaction counsel; BonelliErede for tax
advisory; and Allen & Overy as the legal advisor for
financing.
About ApolloApollo is a global, high-growth
alternative asset manager. In our asset management business, we
seek to provide our clients excess return at every point along the
risk-reward spectrum from investment grade to private equity with a
focus on three business strategies: yield, hybrid, and equity. For
more than three decades, our investing expertise across our fully
integrated platform has served the financial return needs of our
clients and provided businesses with innovative capital solutions
for growth. Through Athene, our retirement services business, we
specialize in helping clients achieve financial security by
providing a suite of retirement savings products and acting as a
solutions provider to institutions. Our patient, creative, and
knowledgeable approach to investing aligns our clients, businesses
we invest in, our employees, and the communities we impact, to
expand opportunity and achieve positive outcomes. As of December
31, 2021, Apollo had approximately $498 billion of assets under
management. To learn more, please visit www.apollo.com.
Contact Information:For Investors:Noah GunnGlobal Head of
Investor Relations(212) 822-0540IR@apollo.com
For Media:Joanna RoseGlobal Head of Corporate
Communications(212) 822-0491Communications@apollo.com
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