Launches & Closures

Apollo considers new Asia credit strategy with longer lock-up


Leon Black’s Apollo, run in Asia by the highly regarded structured credit and special-situations veteran investor Chin Hwee Tan, is understood to be contemplating launching a new Asia credit fund, which will have a longer lock-up period than the existing Apollo Asia Opportunity Fund.

Chin Hwee Tan

The Asia Opportunity Fund, seeded by Apollo early 2007 when the ex-Amaranth team including Tan joined the firm, is understood to have generated double-digit returns with over 40 deals this year, capitalising on the growing need for structured credit in Asia in the wake of the global financial