Alteri Investors launched its second investment vehicle, which secured commitments from funds and accounts managed by affiliates of global alternative investment manager Apollo Global Management LLC.
Apollo has committed more than double the investment it injected into the fund's predecessor.
Alteri Investors II may have access to additional capital to coinvest in larger deals with Apollo-managed funds, allowing it to invest in companies with sales of up to £3 billion. It will also continue to invest in European retailers with sales of more than £100 million.
The fund is set to expand Alteri's geographic footprint with a greater focus on the Spanish and Italian segments along with its current core markets in the U.K., Germany, Austria, Switzerland, Belgium, Netherlands, Luxembourg and the Nordic regions.
