Apollo Global Management, a high-growth, global alternative asset manager, completed the acquisition of the real estate assets of ENPAM, an Italian pension fund, for €842m ($1bn). "We are pleased to reach this agreement with Apollo to help deliver on our primary objective of providing retirement income to ENPAM pensioners. As we prepare to reach the peak of retirement for our members, this divestment allows us to realize important savings and to allocate the proceeds towards diversified, mission-related investments that will offer adequate reserves and returns to meet our commitments. We look to the future with even greater peace of mind," Alberto Oliveti, ENPAM Chairman.