Sumitomo Mitsui Trust to invest $1.5b in Apollo Global funds

Sumitomo Mitsui Trust to invest $1.5b in Apollo Global funds

Japanese Yen

Japan’s Sumitomo Mitsui Trust Holdings plans to enter a business partnership with Apollo Global Management that will eventually enable Japanese individuals and pension funds to buy into funds operated by the U.S. firm, Nikkei learned Thursday.

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