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Report: Apollo aims to raise at least $1B for 1st social impact fund

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Report: Apollo aims to raise at least $1B for 1st social impact fund

Apollo Global Management LLC is looking to raise at least $1 billion for its first social impact fund, Bloomberg News reported, citing people with knowledge of the matter.

A number of alternative asset managers have recently made forays into socially conscious investing, Bloomberg noted.

A representative for the New York-based investment firm declined to comment on the matter, according to the news outlet.