Twitter LinkedIn
    Wednesday, March 22
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Funds»Apollo’s Harris Plans to Start a Private-Equity Fund of His Own
    Funds

    Apollo’s Harris Plans to Start a Private-Equity Fund of His Own

    July 15, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    FILE PHOTO: Joshua Harris, Co-Founder and a member of the Board of Directors at Apollo Global Management, LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. REUTERS/Lucy Nicholson
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Josh Harris, the co-founder of Apollo Global Management Inc. who was passed over for the top job at the private equity powerhouse earlier this year, is laying the groundwork to raise his own fund.

    Harris, who helped found Apollo in 1990 with Leon Black and Marc Rowan, has met with recruiting firms to help him start building a team, according to people familiar with the matter. The fund will focus on middle-market private equity deals and has a loose target of $5 billion, the people said.

    Harris is striking out on his own after announcing in May that he would be relinquishing his day-to-day responsibilities at Apollo. The timing for a new fund may be fortuitous: Private-equity funds gathered $514 billion during the first half of the year, a 70% jump from the same period in 2020, according to Preqin data.

    Read more/Source: BNN Bloomberg

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    funds Investments PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Carlyle targeting $1.6B for second renewables fund

    November 18, 2022

    Comments are closed.

    Other Articles

    BlackRock Cuts Fees on World’s Biggest Bond ETF and Several More

    April 1, 2022

    Clifford Chance advises Cinven on €1bn acquisition of majority stake in Restaurant Brands Iberia

    July 30, 2021

    Capital Dynamics Andrew Bernstein on mid-market PE

    April 4, 2021

    BlackRock investors take voting power amid scrutiny of asset managers

    June 14, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?