North America

The firm still expects its flagship funds in market to grow compared with their predecessors, according to chief financial officer Jack Weingart.

The challenge has been reaching final closes on large processes, in part because of the difficulty of syndicating out large deals to smaller investors.

Compliance's 'one-way ratchet' may mean fewer, bigger firms in the private funds industry.

The firm has made three investments out of the debut fund, including in Sequoia Financial Group.

Multiple managers have either closed or expect to close their latest private equity flagships below target – something unthinkable a few years ago.

An unusual aspect of LightBay’s funds is that the firm offers a fixed amount of its management fees and carried interest to its LightBay Foundation.

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.

Asia-Pacific’s contribution to fundraising last quarter fell below historical norms – with just $2.2bn raised, or 1.3% of the global total, according to PEI's downloadable Q1 data.

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.