Apollo May Raise Target For Fund VIII
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Apollo May Raise Target For Fund VIII

apollo nfFundraising success has found Apollo Global Management as the firm is considering raising its Fund VIII target in response to strong investor demand.

During the third quarter, Apollo raised approximately $3.3 billion for its newest private equity fund, Apollo Investment Fund VIII, LP, bringing total committed capital for the fund to $10 billion through September 30, 2013. As of today, Apollo has received total fund commitments of approximately $12 billion for Fund VIII. The hard cap for Fund VIII is $15 billion.

According to reports, Apollo is seeking to raise the Fund VIII hard cap to $17.5 billion in order to meet the demand from institutional investors. The last fund raised by Apollo was in December 2008 when it raised $14.7 billion for Apollo Investment Fund VII.

Apollo is a global alternative investment manager with offices in New York, Los Angeles, Houston, London, Frankfurt, Luxembourg, Singapore, Mumbai and Hong Kong. Apollo has assets under management of approximately $114 billion in private equity, credit and real estate funds invested across a core group of nine industries (www.agm.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 11-8-13

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