Apollo seeks to raise $9B for seven new funds: Bloomberg

|About: Apollo Global Management, LLC (APO)|By:, SA News Editor

Apollo Global Management (NYSE:APO) plans to launch seven funds in 2019 and targets raising about $9B for them, Bloomberg reports, citing documents it's reviewed.

The funds will span a range of strategies from insurance to real estate in India.

One of the vehicles, which will let investors participate in private deals along with its insurance company Athene Holding (NYSE:ATH), aims to raise $4B.

Also seeks to raise $1.5B for the fourth version of its financial credit pool, which invests in senior-life settlements and insurance-linked securities.

So far it's been a good year for fundraising. In Q1, ~$240B in private capital has been raised, the most since Q2 2018, according to data compiled by Bloomberg.

Previously: MetLife CEO cautions about new entrants' risks: Bloomberg (April 1)

Subscribe for full text news in your inbox