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Apollo Global Finishes Raising Next Buyout Fund at $18.4 Billion

Apollo Global Management LLC, the private-equity firm run by Leon Black, completed raising its next buyout fund at $18.4 billion, making it the largest pool gathered since the financial crisis.

Apollo Investment Fund VIII LP amassed $17.5 billion in capital from third parties, the New York-based firm said today in a statement. Apollo and affiliated investors, including senior professionals, pledged about $880 million.