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Apollo to Launch $5 Billion Sports Investment Vehicle

The fund will focus on lending to and acquiring stakes in professional sports leagues and teams.
Apollo Global Management is reportedly preparing to launch a new five billion dollar investment vehicle focused on the sports industry.

The private equity firm's new fund will seek to capitalize on the growing financial activity within the global sports market.

According to sources, the vehicle will focus on lending to professional leagues and teams as well as acquiring equity stakes in clubs and sports-related enterprises.
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