Global buyout firm Apollo Global Management is building out a new team to target family offices as its looks to widen its fundraising efforts to include ultra-wealthy investors as well as institutions, according to a report by Bloomberg. The initiative comes as private equity firms are increasingly looking to source capital from outside of their traditional institutional-investor base of pension funds and endowments. Blackstone and KKR & Co are also reportedly establishing units to focus on ultra wealthy private investors. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today.
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