Apollo ties up with Alteri for new distressed retail fund
US investment firm Apollo has more than doubled its investment in turnaround specialist Alteri Investors to set up a second investment vehicle focused on the EU retail sector.
The new fund, called Alteri Investors II, will enable Alteri to target retailers with sales of over £100m.
Alteri also has an agreement with Apollo to co-invest in deals with retailers with sales of up to £3bn.
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