Apollo Global names co-leads for new impact investing platform

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Apollo Global Management (APO +0.7%) names Marc Becker and Joanna Reiss co-leads for its new impact investing platform.

Becker, a senior partner, has been with Apollo for 24 years. Reiss joins the company from private equity firm Cornell Capital, where she was a founding partner.

Lisa Hall becomes Impact chair, where she’ll help develop and oversee the new platform. Before joining Apollo, she was a fellow and fair finance lead at Georgetown University’s Beeck Center for Social Impact and Innovation, where she led a research initiative focused on creating a more inclusive economy.

The Apollo Impact platform will focus its efforts in: economic opportunity; education; health, safety & wellness; industry 4.0; and resource sustainability.

Last month, Bloomberg News reported that Apollo is seeking to raise at least $1B for its first social impact fund.