Golden Gate Seeks $1.8 Billion for Deal Backed By Ardian, Apollo
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Golden Gate Capital is raising about $1.8 billion from investors including Ardian, Neuberger Berman and Apollo Global Management’s S3 in a deal that will let some investors cash out of its evergreen fund.The San Francisco-based money manager is running a tender offer for Golden Gate Opportunity Fund LP, according to people with knowledge of the matter. The firm expects to raise about $1.5 billion for the tender, according to the people, who asked not to be identified as the details are private.