Sumi trust to partner side-by-side with apollo and athene as a us$1.5 billion investor in a proprietary portfolio of alternative assets

Tokyo and new york, july 06, 2022 (globe newswire) -- sumitomo mitsui trust holdings, inc. (“sumi trust holdings”) and its consolidated subsidiary sumitomo mitsui trust bank, limited (“sumi trust bank”, collectively “sumi trust”) announced a strategic partnership with apollo (nyse: apo) in which it has committed us$1.5 billion to invest side-by-side with apollo and athene in a proprietary portfolio of diversified alternative assets. with sumi trust's commitment, apollo and athene have $15 billion invested and committed to private market equity alternatives, focused on high-quality, diversified assets.
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