Apollo targets at least $3 bln for hybrid equity/credit fund

Apollo Global Management, Leon Black, private equity
Chairman and CEO of Apollo Global Management, LLC Leon Black (L), Founding partner of TPG Capital David Bonderman and Founder and CEO of Providence Equity Partners Jonathan Nelson (R) take part in a panel discussion titled "New Directions in Private Equity" at the Milken Institute Global Conference in Beverly Hills, California April 30, 2013. REUTERS/David McNew (UNITED STATES - Tags: BUSINESS) - RTXZ5CP
Apollo Global Management is seeking $3 billion for a new strategy that will combine illiquid credit and private equity, sources told Buyouts. The Hybrid Value Fund’s total could go higher depending on demand, according to a limited partner who has ...

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