Apollo Global Management related stories
All articles and analysis
Apollo Global eyeing RE arm, posing brand clashApollo Global Management, the Leon Black-led alternative investment giant, has been actively recruiting real estate professionals to lead a new real estate arm. The move could present a branding challenge to a separate firm called Apollo Real Estate Advisors, in which Black owns a minority stake.
- Schwarzman, Zell top list of richest buyout chiefs
The heads of Blackstone and Equity International lead the Forbes 400 list of the richest US investors in private equity. Leon Black, Pete Peterson, David Rubenstein, Tom Barrack, Tony James and Jerry Speyer were among other buyout titans listed.
- Obama tops McCain in private equity support
US presidential candidate John McCain has come under fire by one US labour union for his ties to KKR co-founder Henry Kravis, but recent data shows Democratic rival Barack Obama has the most financial support from the private equity and venture capital industries.
- UK lender rejects Bridgepoint, Apollo, Blackstone buyout bid
The failed bid marks the second time this year that a private-equity backed rescue of a struggling UK-based mortgage lender has fallen apart.
- Apollo goes to court over Huntsman
The buyout firm and portfolio company Hexion have begun court proceedings in an attempt to abandon the $10.6bn purchase of chemical manufacturer Huntsman citing a material adverse effect. Yesterday, an offer of nearly $1bn from investors in order to close the transaction was declined by Hexion.
- Apollo co-founders to swap offices
The buyout firm’s president, Joshua Harris, is relocating to London from New York while former Drexel Burnham colleague Marc Rowan makes the reverse move.
- Ailman: Debt funds pose LP dilemma
Institutional investors are ramping up their commitments to distressed debt funds, but which asset class they fit into becomes complex when those commitments end up in credit vehicles raised by traditional buyout firms, according to CalSTRS CIO Chris Ailman.
- Apollo gamble on Harrah’s marked down
A listed-investment vehicle of private equity firm Apollo Global Management has marked down by 25% its co-investment in casino company Harrah’s Entertainment. Harrah’s was acquired by Apollo Global Management and TPG for a total $17.1bn earlier this year.
- Apollo hires NYSE Euronext exec as IR head
Gary Stein has moved over to the Leon Black-led alternative asset manager to enhance the firm’s visibility ahead of an expected $418m float on the NYSE.
- Cinven takes a slice of European debt boutique
The London-based private equity firm has diversified its buyout business with the purchase of 50 percent stake in Indicus Advisers.