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A dedicated program is expected to be unveiled in the third quarter, co-president Scott Kleinman said in the firm’s Q1-2023 earnings call.

Despite the tough fundraising landscape, Apollo aims to surpass the $130bn it gathered over 2022 this year.

The PD 50 Fund aims to provide investors with exposure to a diverse group of 50 of the largest private debt funds, off the back of the firm's January first close on its private equity vehicle.

Fund VII does not have a target, sources tell Buyouts. It will continue raising capital, they say, with Silver Lake expected to announce a final closing before the end of the year.

Buyouts has identified 10 intriguing first timers that are today braving a brutal fundraising market. Reflecting an array of backgrounds and strategies, we plan to keep close tabs on them in the months ahead.

The private equity portfolio of the under-the-radar retirement system paid $1 billion more in contributions than it received in distributions.

“While we believe that we will attract a significant amount of capital for our next vintage of buyout funds, we no longer expect these funds in the aggregate to be the same size as their predecessors,” CFO Curt Buser said.

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 Japanese philosophy of kaizen – a constant focus on improvement – will be key to replicating software specialist Hg’s success over the coming decades

LP sales were expected to kick off a resumption of robust secondaries activity after a slowdown late last year, but external factors like the collapse of Silicon Valley Bank have continued to keep activity muted.