Fundraising

The US asset manager has hired David Luo from insurer AIA for what is understood to be a newly created role.

The firm reported significant growth in royalties investments in the first half of 2026, as investors seek diversification.

As the market opportunity expands, the healthcare-focused manager is finding opportunities to invest larger ticket sizes.

The firm is using Credit Partners III, a senior secured, direct lending fund, to focus on non-sponsored borrowers.

While fundraising totals are up, the number of funds reaching a final close has fallen to its lowest level this decade.

Headline numbers and strategic priorities point to strong levels of institutional support, even for areas of the market under scrutiny.

Fundraising saw its strongest ever H1 this year and could break records if momentum is maintained, according to the PDI Fundraising Report H1 2026.

The firm said it benefited from a more conservative approach to fund structuring following difficulties with US semi-liquid vehicles.

Apollo Debt Solutions saw gross outflows of $400m for the second quarter of 2026.