Apollo Global Management related stories
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New Jersey forms $1.8bn partnership with BlackstoneThe $66bn pension projects saving $120m in fees over the life of the partnership, in which the system will allocate capital to traditional Blackstone funds and customised accounts with ‘1% and 15%’ term structures.
- UTIMCO anchors single-LP energy fund
In an example of an LP building a customised relationship, the University of Texas Investment Management Company has committed $200m to Post Oak Energy’s debut fund. UTIMCO will be the fund’s only LP.
- Texas consolidates
The Texas Teachers’ Retirement System has committed $6bn to KKR and Apollo to invest across strategies – specialist managers are missing out.
- KKR talks to ‘hundreds’ of potential LPs
The firm has a ‘direct line of sight’ to a ‘sizable’ first close on its 11th North American fund, which is targeting between $8bn and $10bn, according to the head of global capital and asset management group Scott Nuttall.
- PEI India Forum: Optimism prevails
Apollo's Sanjay Patel and Hamilton Lane's Juan Delgado Moreira (pictured) were among speakers who pointed to interesting investment opportunities amid global economic turmoil.
- South Carolina returns to separate accounts
The $26.2bn system has committed $750m to a ‘strategic partnership’ with TCW spin-out Crescent Capital Group. South Carolina previously set up a $759m separate account with Apollo Global Management in 2009.
- Russia appoints PE heavyweights to $10bn fund board
On the heels of hiring its investment staff, the $10bn Russian government-backed vehicle has named several private equity heavyweights to its board in preparation for its first investment.
- Aterian hires Sun principal
The private investment firm, which was founded by former Sun principal Michael Fieldstone in 2009, has brought in another former Sun principal to help lead the firm.
- Carlyle files for $100m IPO
The Washington DC-based private equity firm has finally launched its long-rumoured IPO, after spending the last year diversifying its asset base in preparation.
- Head of PE lobbying group 'steps aside'
Doug Lowenstein will relinquish his CEO role at the Private Equity Growth Capital Council.