Apollo Funds to invest $1.6bn in SCI Capital Partners.

Apollo Funds, managed by Apollo Global Management, agreed to invest $1.6bn in SCI Capital Partners, an investment advisory firm specializing in essential industries. "We look forward to working with the Apollo team and accessing their institutional expertise, while also continuing to work with the Morton Salt and Reddy Ice management teams to execute on their long-term strategic operating plans. We thank the SCI legacy investors for their continued support," Adam Cohn, SCI Capital Managing Partner.