Apollo Global Management related stories
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Blackstone brings BoA Merrill Lynch ‘third party’ exit closerIn the latest sign that the investment banking sector is withdrawing from managing private equity real estate funds, Bank of America Merrill Lynch has agreed a deal to hand over the management of the assets in its $2.65 billion Asian Real Estate Opportunities Fund and other real estate assets to The Blackstone Group.
- The odd couple
The fates of two European aluminium businesses raise questions about the combination of private and sovereign capital, writes Toby Mitchenall.
- French sovereign fund teams with Apollo
A French sovereign fund, formed by Nicholas Sarkozy, is teaming with Apollo to make a joint offer for French-based Alcan Engineered Products.
- Blackstone chips $52bn in debt off portfolio
The firm has ‘reduced, refinanced or extended’ more than $52bn of debt since 2009, which has helped drive value creation, according to Blackstone executives.
- Villalobos plans to sue CalPERS for $10m
Alfred Villalobos, the embattled placement agent accused of bribery by California's attorney general, said during a bankruptcy hearing he plans to sue CalPERS for defamation.
- Apollo hires CFO from PwC
The Leon Black-led firm, which filed an IPO earlier this year for up to $50m, has hired Gene Donnelly to fill the position left by Kenneth Vecchione.
- CalPERS posts 31% private equity gain
The $203bn pension has had its private equity portfolio rise, but experienced a 37.1% decline in real estate for the year ended 30 June.
- StepStone to manage $4bn in mature Citi assets
The private equity advisor will manage funds that are near the end of their investment cycle, part of a deal also involving Lexington Partners.
- ASIA NEWS ANALYSIS: Fortress building
New York-based Fortress has impressed the real estate investment community by raising $800 million for its first Asia fund, but will it be so successful deploying the capital? PERE Magazine July/August 2010 issue
- Fortress to buy loan servicer from Caisse de dépôt
Apollo and Centerbridge reportedly lost out to Fortress for the US’ second-largest special servicer, which was expected to fetch $200m.