03:22 PM EDT, 03/19/2024 (MT Newswires) -- Apollo Global Management ( APO ) is looking to raise up to $6 billion for its third Hybrid Value Fund combining debt and equity investing, Bloomberg reported Tuesday, citing people familiar with the matter.

Apollo previously raised around $13 billion for its first two Hybrid Value Funds, which generated a 15.4% return last year, according to the report.

Apollo did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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