Apollo Aviation Group said it has raised USD833 million for SASOF III, its third aviation fund.
The amount raised is well in excess of SASOF III´s USD750 million target.
SASOF III, an institutionally-focused commingled private equity fund, follows on from SASOF and SASOF II where Apollo Aviation raised USD213 million and USD593 million, respectively in 2010 and 2013. SASOF III´s investors include a broad group of sophisticated governmental plans, insurance companies, fund of funds, endowments and others.
Kirkland & Ellis LLP advised Apollo Aviation in connection with the formation of SASOF III.
Apollo Aviation Group is a multi-strategy aviation investment manager that seeks to capitalize on its extensive technical knowledge, in-depth industry expertise and long-standing presence in the mid-life commercial aviation sector.