Apollo’s Huge Buyout Fund Provides for a Large Margin of Error
ByPrivate equity’s cup runneth over.
Apollo Global Management just accumulated the largest single pool of capital earmarked for buyouts, $23.5 billion. The haul adds to a growing stockpile of dry powder that could make outsize returns harder to come by. With yields so low across most markets, however, it should be easier to make fund investors happy.
Cash is being raised at a rate not seen since 2008. CVC Capital, based in London, raised more than $18 billion for Europe’s largest buyout vehicle earlier this year, Silver Lake pulled together $15 billion for tech deals, and Kohlberg Kravis Roberts set a record in Asia with a $9.3 billion fund while also putting the finishing touches on a $13.9 billion United States fund…
Apollo’s Huge Buyout Fund Provides for a Large Margin of Error
