Apollo Looks to Bring Private Capital to Growth Tech Firms (1)

Apollo Global Management Inc. is partnering with venture capital firm 8VC on a new business to bring private capital to technology companies working in industries including aerospace and energy.

Apollo and 8VC said they’ll aim to deploy “several billion dollars” into the tech firms, which will also include businesses in the advanced manufacturing, life sciences, logistics and natural resources industries, according to a statement Wednesday. The investments will be made from Apollo’s hybrid business, which can include asset-backed deals.

Apollo, which manages about $840 billion in assets, has been expanding its private credit business in recent years. Earlier this year, ...