February 19, 2011 / 12:09 AM / 9 years ago

CORRECTED - UPDATE 1-Apollo reveals fund commitments in IPO filing

(Corrects first paragraph to show it is the seventh amended filing, not the sixth, as sent earlier)

NEW YORK, Feb 18 (Reuters) - Apollo Global Management [APOLO.UL] filed its seventh amended regulatory filing with new information about funds and operations on Friday, in a sign that the private equity giant is getting closer to a long-expected initial public offering.

Apollo said a new real estate focused fund, AGRE U.S. Real Estate Fund, held an initial closing in January on $307.9 million of limited partner commitments, according to a Securities and Exchange Commission filing.

On Feb. 15, Apollo also held its first close for another new fund, Financial Credit Investment I, which will invest in longevity-based assets. The first close had about $240 million of capital committed.

New York-based Apollo also posted net income of $94.6 million in 2010, reversing a loss of $155.2 million in the previous year.

Reporting by Paritosh Bansal; Editing by Bernard Orr

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