Apollo Global Management related stories
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TPG Special Sits and CIT launch commercial finance JVThe new venture will have a target size of $500 million and provide financing to US companies across a variety of industries.
- Caesars’ senior creditors agree to restructuring
Senior creditors owed $12 billion have agreed on a restructuring, the gambling group said. However, discussions with junior lenders including Oaktree Capital and Centerbridge Partners continue.
- US firms shortlisted for €7.2bn NAMA book
A handful of bidders have been shortlisted for the €7.2 billion Project Arrow loan book, the largest portfolio put up for sale by NAMA yet.
- GE Capital healthcare unit goes to Capital One
The Virginia-based lender will acquire GE Capital Healthcare Financial Services for $9 billion including $8.5 billion worth of healthcare-related loans.
- Chart of the week: European vs North American private debt strategies since 2014
The European market is dominated by senior debt strategies, while North American investments are in favour of mezzanine debt.
- PE firms snap up £1.7bn real estate books
The Royal Bank of Scotland has disposed of £1.7 billion of real estate loans made by its Irish subsidiary, Ulster Bank.
- Fair Oaks announces $200m share issue
Listed CLO investment vehicle already has a number of investments lined up.
- Exclusive: Carlyle, Madison Capital eye unitranche JV
The lending group of the alternative investment firm and the Chicago-based lender are said to be teaming up for a partnership to issue unitranche loans.
- Apollo to syndicate part of $725m loan for Manhattan tower
The Apollo Commercial Real Estate Finance arm plans to syndicate a $234 million mezzanine loan for the new luxury tower at 111 West 57th St. in Manhattan.
- GE Capital’s European lending unit sold for $2.2bn
GE Capital will retain its share of its European joint ventures with Ares Management.