Apollo Targets $5 Billion for High-Grade Income Fund [Yahoo! Finance]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Yahoo! Finance
Most Read from Bloomberg New York City's Historic Preservation Movement Is Having a Midlife Crisis Reviving a Little-Known Modernist Landmark in Buffalo The Architects Who Built Miami NYPD Car Chases Are Becoming More Frequent — and More Dangerous Dakar's Air Quality Plummets as Saharan Dust Descends on Senegal The Total Return Investment Grade fund launched in recent months and will invest alongside Apollo's Athene insurance arm and be marketed to retail investors, according to people familiar with the matter. The fund will be structured as evergreen, which offers investors a chance to cash out — with limits — at certain intervals. During its investor day in October, Apollo said that the strategy could yield about 200 basis points more than the average investment-grade corporate bond, due to the yields Apollo generates in its IG Capital Solutions Business. That unit provides tailored products to companies looking to raise more debt. The investment-grade fund will be
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