Apollo completed the acquisition of Modern Aviation from Tiger Infrastructure.

Apollo, an alternative asset manager completed the acquisition of Modern Aviation, a US fixed base operator, from Tiger Infrastructure, a private equity firm. Financial terms were not disclosed. "Modern Aviation is a good case study of how Tiger's approach to growth infrastructure investing can produce a step change in value by providing transformational growth capital and applying value-add resources. Exiting Modern now delivers another full realization for our 2017-vintage Fund II, following closely on the heels of our recently announced sale of Zenobē to KKR Infrastructure. These transactions exemplify our strategy of creating world-class, blue-chip infrastructure businesses that meet the demands of the real economy while providing growth platforms into which larger infrastructure investors can invest at scale. We call it "feeding the food chain" within the broader global infrastructure ecosystem," Emil W. Henry, Tiger CEO.