Apollo, the global investment firm, is in the midst of raising capital for its newest flagship, Fund XI, with a target of $22bn to $25bn. The firm launched the fundraising push in February, signalling a renewed focus on alternative assets amid a competitive market.

Over the past month, Apollo has secured commitments from a mix of institutional and high‑net‑worth investors. The current pipeline reflects strong interest from both sides, aided by the firm’s track record of deploying capital across private equity, credit, and real estate.

According to insiders, Apollo is roughly halfway to its target, a milestone that boosts confidence among limited partners. The progress also positions the fund to take advantage of attractive opportunities in the post‑pandemic recovery, especially in technology and infrastructure.

For investors, the update underscores Apollo’s ability to rally capital in a tight environment and highlights the continued demand for diversified private equity solutions.