Apollo Closes on $2.34 Billion in Commitments for Accord Fund IV

Paul, Weiss represented Apollo Global Management, Inc. in raising of approximately $2.34 billion in commitments for Apollo Accord Fund IV, its dislocated credit offering. The transaction brings the total assets raised for the commingled Accord strategy to $4.1 billion over the last ten months. Fund IV investors included both existing LPs as well as new, global institutions seeking credit investment opportunities during periods of volatility, as experienced in early 2020.

The Paul, Weiss team included, among others, corporate partners Matthew Goldstein, Victoria Forrester and Marco Masotti and counsel David Levine and Philip Heimowitz; and tax partner Brian Grieve.