Mergers & Acquisitions / Joint Ventures

Apollo teams up with Lighthouse

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Apollo Global Management has formed a strategic alliance with Lighthouse Investment Partners, a $4.5 billion fund of hedge funds manager owned by HFA Holdings. Through this new alliance, Apollo, a contrarian, value-oriented investor in private equity, credit and real estate, will be able to diversify its product offering with Lighthouse’s hedge fund and managed account products.

Lighthouse’s proprietary managed accounts programme now has approximately 90 distinct managed account investments across the full range of hedge fund strategies. Leon Black, founder, chairman and chief executive officer of Apollo, said: “We are extremely impressed with Lighthouse’s management team and its unique