Source: Bloomberg
Summary
Apollo Global Management is raising a new growth fund, targeting $4.5 billion, less than a year after closing its previous $4.6 billion vehicle. The firm is seeking to capitalize on growing demand for private equity investments. The new fund will focus on investing in companies across various sectors. Apollo’s previous fund was oversubscribed, indicating strong investor interest in the firm’s investment strategy.
Our Reading
The launch follows a familiar script.
Apollo Global Management is at it again, raising another massive growth fund. The new fund is just slightly smaller than the previous one, which was oversubscribed. The firm is clearly confident in its investment strategy, and investors are eager to hand over their cash. Because what’s a few billion dollars between friends? It’s just another day in the world of private equity, where the only thing that’s truly “new” is the fund number.
Author: Evan Null
