Gravitas announced today that Apollo Global Management, LLC ("Apollo"), one of the world’s largest alternative investment managers, has extended its service agreement with Gravitas to provide Apollo with operations, technology, and risk compliance services. The platform is the successful culmination of a pilot project that included a smaller services mandate. Apollo’s subject matter experts will provide the product specific training and expertise needed to support Apollo’s funds. "Apollo operates its business in a truly integrated manner and is a market leader not only in terms of asset management but also innovation with regards to running its business operations," said Gravitas CEO Jayesh Punater. "By embracing our service offerings, Apollo‘s investment professionals can dedicate more time towards focusing on investing decision-making and client servicing."
Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, London, Frankfurt, Luxembourg, Singapore, Mumbai and Hong Kong. Apollo had assets under management of more than $86 billion as of March 31, 2012, in private equity, credit-oriented capital markets and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.agm.com.
Gravitas is a leading provider for technology, investment operations, risk and research support to the alternative investment and financial services industry. Founded in 1996, the company provides hedge funds, private equity funds and other alternative asset managers with unique and flexible co-sourced offerings forsystems integration, technical support, software development, investment operations, risk analytics and investment research support. From co-sourcing and advisory through implementation, Gravitas designs creative solutions that give clients the operational freedom to invest, innovate, and scale. The company is based in New York with offices in Chicago, Greenwich, Mumbai and Ahmedabad, India. www.gravitas.co