Deals
Apollo Seeks $20 Billion by May for New Buyout Fund
- Pool could be largest raised for buyouts post financial crisis
- Firm’s 2016 spending spree included ADT, Outerwall, Rackspace
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Apollo Global Management LLC is seeking $20 billion for its latest global buyout fund, people with knowledge of the process said, setting its sights on the biggest pool of capital for private equity deals since the financial crisis.
The firm, which started gathering money for its ninth fund around December, could finish collecting commitments by May, said the people, who asked not to be named because the details are private.