Apollo completed the acquisition of the US wealth distribution and asset management businesses from Griffin Capital.

Apollo, an alternative asset manager, completed the acquisition of the US wealth distribution and asset management businesses from Griffin Capital, a privately held alternative investment asset manager. Financial terms are not disclosed. “The democratization of finance brings tremendous opportunity for individual investors to access alternatives. With the acquisition of Griffin, we will significantly advance our US wealth market growth plans that we presented at our recent Investor Day. As one of the first firms to bring alternative strategies to the individual investor and advisor market in the US, Griffin has built trusted relationships over 20-plus years, and in combination with Apollo can offer the market a broader set of solutions," Marc Rowan, Apollo CEO.