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

Apr. 03, 2019 8:12 AM ETApollo Global Management, Inc. (APO), ATHAPO, ATHBy: Liz Kiesche, SA News Editor1 Comment
  • 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)
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