Apollo Global Management announced it has closed $8.5 billion in total commitments for its Accord+ strategy, including $4.8 billion for Accord+ Fund II. This brings total assets across Apollo’s hybrid and opportunistic credit platform to about $40 billion. The fund targets high-conviction credit opportunities, allocating across private corporate credit, asset-backed finance, and secondary markets. The closing drew support from a global mix of institutional investors, including pension funds and sovereign wealth funds. Apollo plans to continue expanding the Accord strategy within its hybrid credit business.