Friday, 26 December 2014
Last updated 2 days ago
Nov 6 2013 | 11:54am ET
Apollo Global Management does not want to disappoint the huge number of investors begging to hand their money over to the private-equity firm.
The New York-based firm has asked committed investors for permission to increase the size of its eighth fund to $17.5 billion. If it gets the go-ahead, that would make Apollo Investment Fund VIII the largest new p.e. fund in five years, and nearly 20% larger than Apollo's last fund, which closed in 2008 with $14.7 billion.
Apollo had initially planned to cap the new fund at $15 billion. But faced with interest that could reach $20 billion, the firm elected to ask clients already committed to the fund if they wouldn't mind some extra company.
When Apollo announced the new fund last year, it initially targeted just $12 billion.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.