Apollo Global Management Raises $25B for Largest Private Credit Fund

Apollo closes record $25B private credit fund, demonstrating massive institutional appetite for alternative lending strategies amid compressed traditional yields.

Apollo Global Management has successfully closed its latest private credit fund at $25 billion, marking the largest fundraise in the firm’s history and setting a new industry record.

The oversubscribed fund attracted significant interest from institutional investors globally, including sovereign wealth funds, pension plans, and insurance companies seeking exposure to the growing private credit market.

Fund highlights:

– Target returns of 12-15% net IRR
– Focus on North American middle-market companies
– Average deal size of $100-500 million
– 5-year investment period with 2-year extension option

Apollo’s success reflects the broader institutional appetite for private credit strategies as traditional fixed income yields remain compressed. The firm plans to deploy capital across direct lending, mezzanine financing, and distressed credit opportunities.