Apollo Closes on $8.5 Billion in Total Commitments for Accord+ Strategy

Paul, Weiss advised Apollo on its Accord+ investment strategy, which announced the close of $8.5 billion in total commitments, including $4.8 billion in commitments for its Accord+ Fund II. The successful close of the second vintage exceeds internal targets and brings total assets for Apollo’s hybrid credit business to approximately $40 billion.

The Paul, Weiss team was led by corporate partner Matthew Goldstein and included, among others, partners Marco Masotti, Brad Finkelstein and Jennifer Songer, and counsel David Levine and Femi Austin; tax partners Sohail Itani, Cian O’Connor and Timothy Lowe, and counsel Caroline Inker; and executive compensation counsel Jake Glazeski and Bruce Goldberger.