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Investor interest for all funds is 'stronger than we’ve ever seen', said chief executive Bruce Flatt on Thursday's Q1 earnings call, 'and we expect these funds to be larger than their predecessors'.

Apollo's Fund VIII returned to paying carry after recovering from the 21.6% devaluation of its private equity portfolio in the first quarter of last year.

The alternatives asset manager had one of its strongest quarters, with total AUM rising 21% year-on-year to $649bn.

The alternatives giant had said in January it would focus more effort on governance and reputational risk.

Firms including Blackstone, Carlyle Group and KKR have reported falls in their private equity portfolios this year due to the combined impact of covid-19 and a rout in oil prices.

Vehicles such as HarbourVest Global Private Equity, Pantheon International and Neuberger Berman Private Equity Partners are trading at discounts as wide as 43%.

The Q4 year-on-year drop from $7m to $1m is due to the run-off of legacy assets and several large fundraisings having yet to come to market, said co-CEO Glenn Youngkin.

EQT’s September stock market listing was a rare, unqualified success in the history of private market listings.

Ryan Levitt joins fellow Pomona alumni Olver Gardey to help manage ICG's $1bn listed PE vehicle.

Seven charts detailing the Scandinavian giant's private equity performance which was revealed in its IPO prospectus last week.