New Catalyst Strategic Partners, a new platform backed by Apollo Global Management, aims to support emerging and diverse managers in the private equity industry. The firm plans to make seven to 10 deals with investments ranging from $60 million to over $75 million. New Catalyst will focus on sectors including technology, healthcare, and consumer businesses. The platform aims to provide capital, operational expertise, and network access to help these managers grow and succeed. The launch of New Catalyst comes as the private equity industry faces increased scrutiny and calls for greater diversity and inclusion.
Apollo-backed New Catalyst: Empowering Emerging and Diverse Managers
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