Gravitas announced today that Apollo Global Management, LLC ("Apollo"), one of the world's largest alternative investment managers, has extended its service agreement with Gravitas to provide Apollo with operations, technology, and risk compliance services.
The platform is the successful culmination of a pilot project that included a smaller services mandate.
Apollo's subject matter experts will provide the product specific training and expertise needed to support Apollo's funds. "Apollo operates its business in a truly integrated manner and is a market leader not only in terms of asset management but also innovation with regards to running its business operations," said Gravitas CEO Jayesh Punater. "By embracing our service offerings, Apollo's investment professionals can dedicate more time towards focusing on investing decision-making and client servicing."
© Finextra Research 2013