Apollo Global Management related stories
All articles and analysis
CalPERS debates mega-funds, hardline fee stanceThe performance of mega-funds was a key point at a recent meeting, where a board member said he didn't understand why the pension continued 'to do business with the mega-funds'.
- Apollo hires former US Senator
Evan Bayh, the former US Senator from Indiana, will join the firm as Apollo prepares to go public.
- Apollo finds opportunity in the downturn
The firm, led by Leon Black, invested about $23bn through the financial downturn including more than half of its $14.7bn seventh fund, which closed in 2008.
- The benchmark LP(6)
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity
- CalSTRS prepares to move into 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.
- GSO marshals co-investing power in ‘Giant’ deal(3)
Blackstone's debt shop will dip into its 'rescue' fund to help recapitalise a Spanish cement company, bringing in LPs and other co-investors in a $430m transaction.
- Apollo Global buys Irish loans
Lloyds Banking Group has sold a portfolio of distressed property loans for £149m as interest in Ireland’s real estate increases.
- Private equity eyes Russia’s depreciating infrastructure(3)
Russia’s depreciating infrastructure and shrinking government budgets are driving the demand for private money to fund infrastructure projects, with private equity well-positioned to capitalise on the opportunity, write MRIF director Pavel Nazarov (pictured) and Squire Sanders partner Christopher Rose.
- The benchmark LP(5)
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity
- Going, going, gone
Most of the legacy real estate fund businesses sponsored by financial institutions have disappeared from this year’s PERE 30 ranking, while strategic shifts and large older vintage funds do not bode well for the remaining bank-sponsored platforms.