Apollo Global Management related stories
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Ares launches second European debt fundThe firm has come to market with its Ares Capital Europe II fund that will provide senior debt, mezzanine and co-investment equity in European mid-market companies.
- GSO marshals co-investing power in ‘Giant’ deal
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.
- Private equity eyes Russia’s depreciating infrastructure
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.
- Senior Credit Suisse CLO manager joins 3i
Andrew Bellis, a senior CLO manager at Credit Suisse, has joined 3i Debt Management as a partner in a further sign of the group’s ambitious growth plans.
- CalSTRS discusses limits for managed accounts
The $153bn retirement system may set a $500m maximum on individually managed accounts, according to an investment policy proposal.
- The benchmark LP(2)
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
- Michigan commits to GSO, Denham
The University of Michigan unveiled investments in two recently closed vehicles at its meeting Thursday in addition to a $30m commitment to Stone Tower Capital, which was recently acquired by Apollo Global Management.
- Apollo to pull back on separate accounts
The firm has formed a $600m customised account with a large pension system, and could launch its next flagship buyout fund later this year, according to firm president Marc Spilker.
- CalPERS and Blackstone form custom account
The Blackstone Group’s ‘tactical opportunities’ business is targeting $3bn to $5bn, which will be raised through the formation of separate, customised accounts with limited partners.
- CalSTRS prepares for customised accounts(2)
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.