Apollo Real Estate Arm Raises $75M For New Fund

Law360, New York (January 6, 2012, 3:08 PM EST) -- A new private equity fund sponsored by Apollo Global Management LLC's real estate division has raised $75 million in an investor offering, according to a regulatory filing Friday.

The managing partner for Apollo Global Real Estate, Joseph Azrack, and two other Apollo executives led the issuance for AGRE USREF Driftwood Platform LP, according to a filing with the U.S. Securities and Exchange Commission.

No details were provided about the fund, and New York-based Apollo did not immediately respond to request for comment Friday.

The multimillion-dollar investment...
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