Florida State Board of Administration has committed $180m to Apollo Accord Fund V, P&I reported quoting a new manager report.
Apollo launched the Accord series in 2017 as its dislocated credit offering.
The firm closed Accord Fund IV on $2.34bn last year boosting the assets raised for the strategy to $4.1bn.
The Accord strategy focuses on liquidity provision during times of of broad-based market stress by purchasing high-quality, secured cross-asset credit risk, the firm said.
The firm has more than $6.3bn in assets under management focused on dislocation credit opportunities as of February 2021.
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