Apollo, the US investment firm, is gearing up to capitalise on further high street woes after doubling the size of its investment in a new fund with Alteri Investors.
Alteri was set up in 2014 as a joint venture between Apollo and Gavin George, a restructuring veteran, to focus on struggling retailers and invest between £10 million and £50 million.
The second, larger fund will allow it to target distressed and underperforming European retailers with sales above £100 million.
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