Apollo Leads $225 Million Investment in Alternatives Platform CAIS

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Apollo Global Management Inc. is investing in CAIS, a platform that gives independent financial advisers access to alternative investment products, the latest in a string of moves by the private-equity giant aimed at reaching wealthy individuals.

Apollo and fintech-focused private-equity firm Motive Partners are leading a $225 million investment that values CAIS at more than $1 billion, officials at the companies said. Franklin Templeton parent Franklin Resources Inc. is also participating in the round.