Apollo reaches $6.8b first close on global fund – report
Apollo Global Management has reportedly reached a first close of about $6.8 billion on its latest global fund. Apollo Investment Fund VIII set out with a target of $12 billion and has since introduced a hard cap of $15 billion.
According to Bloomberg, Apollo has agreed to return all transaction fees from the fund's deals to investors, having proposed an 80% share when it started marketing last year. Apollo's previous fund, which...
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