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Monday, Oct 7
Apollo may look to raise upper limit of new fund from $15B
- Apollo Global (APO) is reportedly considering seeking permission from investors to raise the limit on its latest flagship fund from $15B.
- The private-equity firm had originally targeted raising $12B for Apollo Investment Fund VIII, but investors are interested in providing up to $20B in total.
- At $15B, the new vehicle would top the $14.7B that Apollo raised in a 2008 fund, which was generating a 28% net internal rate of return as of June 30.