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Apollo Global aims to raise $12bn

Co-founder of the US buyout firm says the figure is a 'realistic target' for its eighth private equity fund

Apollo Global Management said it aims to raise $12bn for its latest flagship buyout fund.

Speaking at the Bank of America Merrill Lynch Banking and Financial Services Conference yesterday, Apollo's co-founder and senior managing director, Josh Harris, said the firm is launching its eighth private equity fund this week.

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