Deals
Apollo to Raise New LBO Fund as It Spends More Than Ever Before
- Fundraising expected to take no more than a year: co-founder
- Firm on track to have busiest year for deals ever, Harris says
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Apollo Global Management LLC is starting to raise money for a new buyout fund that could reach almost $20 billion in size, as the private equity firm tears ahead on an unprecedented buying spree.
“We are currently on pace to deploy more capital in 2016 than in any other year in our history,” Josh Harris, who co-founded Apollo in 1990, said Friday on a conference call with analysts and investors.