PE mega fund momentum poses return risks

The record-breaking launch of a new $24.6 billion buyout fund by Apollo Global Management will likely be followed by other mega-sized private equity funds, offering aspiring asset owners more investment possibilities at the potential cost of returns. Apollo’s new private equity fund may be the biggest ‘mega fund’ so far, but it's far from the only one. Alternative research data provider Preqin defines mega funds as those with over $4.5 billion in committed assets, and notes that 1…