Apollo Global eyes up to $12bn for eighth buyout fund


US-based private equity firm Apollo Global Management is reported to be looking to garner commitments of between $10bn and $12bn for its eighth buyout fund.

The vehicle is smaller than its predecessor, which closed in 2008 with close to $15bn of capital.

The firm expects to hit the fundraising trail formally later this year, according to Bloomberg.

Apollo will join over 1,800 private equity funds that are currently on the road seeking over $730bn of commitments from investors, according to the latest figures from London-based data outfit Preqin.

Copyright © 2012 AltAssets