Apollo Global Management related stories
All articles and analysis
Report: CVC leaving AustraliaCVC's struggle with the heavy debt of portfolio company Nine Entertainment has prompted the firm to leave Australia, according to reports.
- Apollo seeks more customised accounts
After building a historic $3bn customised relationship with the Texas Teachers’ Retirement System, the firm is talking to institutions around the world about similar opportunities.
- CalPERS eyes managed accounts
The $234bn retirement system’s 2012 roadmap includes plans to engage the secondary market and develop a co-investment and managed accounts programme.
- The benchmark LP
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 for 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.
- Sun Capital-backed Mervyns to liquidate(2)
Department store Mervyns, bought in 2004 by Cerberus Capital Management and Sun Capital Partners for $1.2bn, will liquidate after filing for bankruptcy protection in July.
- 2008 Review: Dreier founder catches industry eye
As the real estate industry looks forward to 2009, PrivateEquityRealEstate.com looks back at the past 12 months and the most read stories of the year. Dreier founder, Marc Dreier, admitting to key aspects of a $113m scam was the number one story.
- Judge approves Warburg-backed Wellman's bankruptcy plan(2)
Warburg invested $126m in polyester manufacturer Wellman in 2003 but saw the company collapse into bankruptcy in February amid rising raw material costs and a mountain of debt.
- Ailman: Debt funds pose LP dilemma(2)
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
The stakes are raised in the gaming industry as a listed-investment vehicle of private equity firm Apollo Global Management marks down its co-investment in casino company Harrah’s Entertainment by 25%. Harrah’s was acquired by Apollo and TPG for a total of $17.1bn earlier this year.