Deals

Apollo to Launch Seven Funds in Hot Market for Private Capital

Leon Black’s firm aims to raise about $9 billion for funds
Firm’s strategies include insurance, real estate and India

Leon Black
Photographer: Anthony Kwan/Bloomberg

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By Hema Parmar

April 2, 2019 at 5:49 PM UTC

This article is for subscribers only.

Apollo Global Management LLC is starting a spate of new funds and aims to attract a total of about $9 billion for them, signaling a strong year for raising money in the industry.

The $280 billion firm, led by Leon Black, plans to launch seven funds in 2019 across a range of strategies, from insurance to real estate to India, according to documents seen by Bloomberg. Apollo’s biggest fundraising target among the new vehicles is $4 billion for a program that lets investors participate in private deals alongside its insurance company Athene Holding Ltd.