Apollo’s Record-Breaking Fund IX Up To $24.6B

Apollo Global Management has raised nearly $24.6 billion for Apollo Investment Fund IX, the largest buyout fund in history, with an SEC filing indicating a target of just over $24.7 billion. The buyout firm is said to have raised the total in about seven months.

 

Get The Full Ray Dalio Series in PDF

Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Amid Big Losses, Russell Clark Throws In The Towel, Changes Strategy

Seth Klarman: Investors Can No Longer Rely On Mean Reversion

Volatility"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More


The record-setting vehicle surpasses the previous high established by Blackstone Capital Partners V, which closed on $21.7 billion in 2007. It’s Apollo’s biggest fund by more than $6 billion, besting the firm’s $18.4 billion Fund VIII from 2013.

Apollo, of course, isn't the only PE firm collecting huge sums on the fundraising trail. The Carlyle Group is reportedly targeting $15 billion for its next US buyout fund.

Read more of our featured PE fundraising content here.

Article by PitchBook