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.

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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