Apollo Global Management related stories
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CalSTRS discusses limits for managed accountsThe $153bn retirement system may set a $500m maximum on individually managed accounts, according to an investment policy proposal.
- Giannini: the LP community is 'fragmenting'
A formerly unified LP universe is dividing based on those building customised accounts and those sticking to the traditional fund commitment route, Hamilton Lane CEO Mario Giannini said.
- US private equity slumps in Q3
US private equity returned -4.3% during Q3 2011, while distributions outpaced contributions for the fourth straight quarter.
- CalSTRS prepares for customised accounts
The pension system, with $144.8bn in assets, is altering its private equity investment policy to allow for investments in separately managed accounts, a model that appears to be gaining popularity among large institutions.
- New Jersey reaps $575m on secondary sales
The $69bn state pension has sold stakes in funds run by GTCR, Apollo, Carlyle, Oaktree, TPG, Wayzata, Black Diamond Capital Management, Credit Suisse and THL as it works to shrink the size of its portfolio to make it more manageable.
- Louisiana Teachers’ commits $100m to PE
The $13.1bn retirement system continued its spree of private equity commitments at its first meeting of 2012, allocating $50m to both Energy Capital Partners and Apollo Global Management.
- CVC offloads Taminco to Apollo for €1.1bn
Apollo Global Management has acquired chemicals manufacturer Taminco in a tertiary buyout from CVC Capital Partners.
- Goldman's global sponsors head retires
Milton Berlinski (pictured), global head of financial sponsors at Goldman Sachs, is to retire this month. Pete Lyon has been promoted to co-head of the sponsors unit in the Americas as a result.
- NJ: ‘Strategic relationships’ are the future of private equity
A 1% management fee on invested capital was one of several choice economic terms that New Jersey's alternatives chief Christine Pastore helped build into customised funds managed by Blackstone.
- CVC: No urgent need to refinance Nine
The private equity firm has denied its investment in the Australian media group is in trouble, but reportedly asked its creditors to respond to a new plan on refinancing by Christmas.