Apollo Global Management raises $24.6b for largest PE fund ever

Apollo Global Management raises $24.6b for largest PE fund ever

Leon Black, Chairman and CEO Apollo Global Management, LLC, taking part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills, California April 29, 2014. Photo: Reuters

Apollo Global Management LLC amassed $24.6 billion for the largest fund ever raised by a leveraged-buyout firm, crowning a string of record-setting war chests as investors hunt for better returns.

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