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Apollo Raises Record $24.6 Billion for New Global Buyout Fund | Tony Seruga
Jul
26

Apollo Raises Record $24.6 Billion for New Global Buyout Fund

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  • Pool surpasses Blackstone’s $21.7B benchmark for LBOs
  • Private equity fundraising tops $100B for three quarters

Apollo Global Management LLC amassed $24.6 billion for the largest fund ever raised by a leveraged-buyout firm, crowning a string of record-setting war chests as investors hunt for better returns.

Apollo’s ninth private equity fund hit its $23.5 billion hard cap and added additional money from the firm, employees and affiliated people, according to a regulatory filing Wednesday. It intends to have $24.7 billion in total, the filing shows…

Apollo Raises Record $24.6 Billion for New Global Buyout Fund

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