Apollo Funds Upsize Its Capital Commitment to Global Schools Group
SINGAPORE, July 25, 2023 - (ACN Newswire) - Global Schools Foundation's investment arm and its related entities ("Global Schools Group", "GSG") announced that funds managed by affiliates of Apollo Global Management, Inc. have committed to providing approximately S$190 million, nearly doubling their total capital commitment to the Global Schools Group.
- SINGAPORE, July 25, 2023 - (ACN Newswire) - Global Schools Foundation's investment arm and its related entities ("Global Schools Group", "GSG") announced that funds managed by affiliates of Apollo Global Management, Inc. have committed to providing approximately S$190 million, nearly doubling their total capital commitment to the Global Schools Group.
- Apollo funds initially provided long-term funding to Global Schools Group in 2021.
- Matthew Michelini, Partner & Head of Apollo Asia Pacific, said he was "pleased to share that funds within Apollo's Hybrid Value strategy have committed to upsize their existing investment in Singapore-based education company Global Schools Group to help accelerate the company's global expansion."
- "We are delighted to upsize our investment in Global Schools Group," said Apollo Partner Mr Gaurav Pant.