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Private equity raising billions for new funds: report

NEW YORK (Reuters) - Private equity firms including Apollo Management and KKR KKR.UL are raising tens of billions of dollars for new funds, reported the Financial Times on Friday.

Apollo is close to the end of its $15 billion fund-raising, TPG plans soon to conclude the first stage of its $15 billion fund-raising, and KKR is putting finishing touches on a 6 billion Euros ($9 billion) European fund, reported the FT citing people familiar with the firms.

Bain Capital is also raising $20 billion between North American and European funds, while Blackstone BX.N is just beginning to raise its latest $20 billion fund, the paper reported.

Blackstone declined to comment while none of the firms were immediately available for comment.

Reporting by Yinka Adegoke; Editing by David Holmes

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