Justin Slaughter
Apollo’s credit platform totaled $137bn by the end of 2016.
Teachers' Retirement System of the State of Illinois provided a $100m commitment.
The credit arm deployed $3.6bn in Q1, with Europe and energy focus.
The new Lending Partners fund follows the dip in KKR’s private debt fundraising last year.
The energy firm had previously filed for Chapter 11 in March 2016.
The PA Direct Credit Opportunities Fund II hit its original fundraising target, and has invested 30% of its capital.
Troy Zander has joined the California-based firm, which specialises in venture capital and fund formation.
MIP IV comes after the Australian firm held a $3bn final close of its MIP III.
The previous fund, Broad Street II, raised $4.2bn in 2014.
GCP 11 had held a first close in January on $351.3m, and raised another $860m since.