Apollo raises largest PE fund since financial crisis

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Apollo global management company said on Thursday that it has completed its latest fundraising flagship global private equity funds, investors $17.5 billion, the most since the financial crisis caused by any such funds.In their chase yield rates for low, investors who dropped out of the love and private equity and debt of excesses in the 2008 crisis, now more and more allocation to the asset class.Throughout the global private equity funds raised in 2013 to 431 billion, an increase of 13% in 2012, market research firm Preqin said last week.Apollo peers also benefit from it.The Carlyle group LP completed the increase in November 13 $billion dollar buy-out fund, kohlberg kravis Roberts & company LP wrapped fundraising North America of the latest fund with more than $8.3 billion;Warburg pincus investment limited liability company closed a $11.2 billion in May last year, the global fund and technology focusing on silver lake has $10.3 billion.In history, the largest private equity funds is still the blackstone is $2, 1.7 billion in 2007 to raise money.Apollo and investment professionals made an extra $880 million to fund, known as Apollo 8, the new york-based company said.

 

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