Apollo Launches $12B Private Equity Fund: Reuters

Firm: Apollo Global Management

Fund: Apollo Fund VIII

Target: $12 billion

Apollo Global Management LLC said on Tuesday it was beginning fundraising for its next large buyout fund with a target of $12 billion, less than its previous private equity fund yet still one of the largest buyout funds in the market, according to sister news service Reuters.

Blue-chip private equity firms have moderated fundraising expectations as some investors have become skeptical of multibillion dollar buyouts in light of the high prices paid to acquire companies in the lead-up to the financial crisis. The largest private equity fund ...

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