Carmela Mendoza
The alts giant recorded $8bn of capital from private wealth, including $2.7bn for its private equity strategy targeting individual investors.
Private markets products geared towards the wealthy require the same standard of care as institutional investor offerings, according to the firm’s president and COO.
Kahler was hired by ORIX Capital in 2019 from Safanad to develop its mid-market buyout business.
The firm expects each of its funds to be larger than their predecessors, as it experiences ‘nice momentum’ across fundraising campaigns, according to its latest earnings.
Enthusiasm for the strategy remains steady, as co-investors flock to well-established names.
The rise of continuation funds is blurring the lines between them and what might be considered a co-investment.
The $235bn pension system plans to scale direct investing with both existing and new GP relationships.
Deployment in PE halved year-on-year to $3bn in Q2 2023, while dry powder across strategies stood at $100bn, according to the firm's Q2 earnings.
Despite the tough fundraising landscape, Apollo aims to surpass the $130bn it gathered over 2022 this year.
Of Blackstone’s dry powder reserves, more than $85bn – or around 44% of the total – is in private equity, the firm said on its Q1 2023 earnings call.
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