Apollo Global Management could finish collecting commitments on a new $20 billion buyout fund by May, according to Bloomberg. Fundraising for what would be the biggest PE vehicle since the financial crisis reportedly began in December. The firm’s previous flagship fund closed on $18.4 billion in 2013; it had $8.3 billion in dry powder and an IRR of 11.03%, as of December 31, according to the PitchBook Platform.
The largest PE pool ever raised remains Blackstone‘s fifth global buyout fund, which closed on $21.7 billion in August 2007. KKR just recently closed its latest vehicle on $13.9 billion.
PitchBook Platform users can explore performance metrics on all of these mega-funds by clicking here.
Article by PitchBook
