Carmela Mendoza
The move would bring the Luxembourg-headquartered firm in line with peers Blackstone, KKR, Carlyle and EQT.
The buyout firm is on a path to reach $1trn in total assets in the next five years.
The pros and cons of in-house versus outsourced capital raising was debated at PEI's Investor Relations forum.
The alternatives giant took out the facility against about 20 portfolio assets in its 2018-vintage Carlyle Europe Partners V fund, Private Equity International has learned.
Despite the tough fundraising landscape, Apollo aims to surpass the $130bn it gathered over 2022 this year.
The buyout giant’s new chief executive plans to instil more discipline around operations, noting 'we are not going to rush', according to the firm's Q1 earnings call.
The appointment of Harvey Schwartz as chief executive takes away 'uncertainty about our path forward', interim CEO Bill Conway said on the firm's latest full year earnings call.
The firm has gathered $12.5bn for Dyal Capital Partners V and expects to close on $13bn by year-end.
The PE giant recorded $950.9bn of assets as of 30 September, rising 30% year-over-year, as it reels in nearly $50bn of inflows across strategies in the quarter.
Major GPs introduce more diversified products in a bid to beat stormy fundraising environment.