Apollo Will Shoot For $12B With Latest Flagship Fund

Law360, New York (November 13, 2012, 9:12 PM EST) -- Apollo Global Management LLC will aim to raise $12 billion with its new flagship private equity fund, one of the New York firm's founders announced at a financial services conference on Tuesday.

The alternative asset manager will launch Apollo Investment Fund VIII LP later this week, Apollo senior managing director Josh Harris told investors and industry professionals at the Bank of America Merrill Lynch Banking and Financial Services Conference in New York.

Harris couched the announcement in a presentation of Apollo's stellar third-quarter results, which the...
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