Apollo’s Harris Plans to Start a Private-Equity Fund of His Own
- The Apollo co-founder met with recruiters to help build a team
- Harris was passed over as the private equity firm’s next CEO
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Josh Harris, the co-founder of Apollo Global Management Inc. who was passed over for the top job at the private equity powerhouse earlier this year, is laying the groundwork to raise his own fund.
Harris, who helped found Apollo in 1990 with Leon Black and Marc Rowan, has met with recruiting firms to help him start building a team, according to people familiar with the matter. The fund will focus on middle-market private equity deals and has a loose target of $5 billion, the people said.