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Laxman Pai, Opalesque Asia: Apollo Global Management is venturing into the world of impact investing, following some of its biggest peers in targeting funds dedicated to sustainability.
The New York-based global alternative investment manager announced the leadership team for the new platform known as Apollo Impact.
Marc Becker, a senior partner at Apollo, and Joanna Reiss, who joined this month from Cornell Capital, will co-lead Apollo Impact, said the asset manager with an AUM of $414 billion. They are newly created positions.
Lisa Hall, a recognized impact investment leader, has been named Impact Chair, helping to develop and oversee the new platform.
According to a press release, the Apollo Impact platform will seek to build on the Firm's 30-year history of investing across industries historically aligned with the United Nations' sustainable development goals and a record of engagement on ESG issues that spans more than a decade. The Firm plans to focus its efforts in the following areas: Economic Opportunity; Education; Health, Safety & Wellness; Industry 4.0; and Resource Sustainability.
Apollo Co-President Scott Kleinman said: "At Apollo, we have long understood the financial and societal benefits of implementing ESG factors into our investment strategy and portfolio company reporting processes, and we're pleased to now build a platform focused squarely on investing in assets designed to positively impact the world. In addition to building on our in...................... To view our full article Click here
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