Pension scheme selects Apollo for £150m debt mandate

London Pensions Fund Authority (LPFA) has opted for Apollo Capital Management to manage a £150 million private debt mandate out of four possible candidates, the pension fund manager announced. The mandate will include real estate debt as well as distressed debt, leveraged senior loans and private lending target and will target an absolute return, net of fees, of between 10 and 15 % writes Anna Devine of Private Debt Investor.