09:24 AM EDT, 10/15/2024 (MT Newswires) -- Apollo Global Management ( APO ) said Tuesday it closed its Apollo Origination Partnership Fund II with about $4.8 billion of investable assets.

The fund is designed for investing in senior corporate debt of companies located predominantly in the US and Western Europe that generate over $100 million of annual EBITDA, Apollo said.

The closing brings Apollo's large cap direct lending business to a total of about $13.3 billion in over a year, Apollo added.

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