Apollo Aviation Group raises USD833m

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.