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Apollo seeks to raise more than $4 billion for third natural resources fund: sources


By David French and Greg Roumeliotis(Reuters) - Buyout firm Apollo Global Management LLC is seeking to raise more than $4 billion for its third natural resources-focused private equity fund, according to people familiar with the matter.The fundraising effort comes as a recovery in energy prices drives private equity firms to raise cash to invest in the oil patch. Fourteen natural resources-focused private equity funds completed fundraising in the first quarter of 2018, raising a combined $13 billion, according to market research firm Preqin. Apollo Chief Executive Leon Black told an industry ...

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First Published: Wed, April 11 2018. 02:38 IST