Apollo Global Management related stories
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Ailman: Debt funds pose LP dilemmaInstitutional 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 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.
- 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.
- Apollo, Blackstone to acquire $13bn in LBO loans
The private equity mega-firms have agreed to purchase some $8bn in debt from Royal Bank of Scotland in addition to $5bn in debt related to the $18bn buyout of Clear Channel by Bain Capital and Thomas H Lee.
- Lehman to pay $209m for healthcare textile company
Lehman Brothers Merchant Banking will pay $22 per share in cash for healthcare services company Angelica, and Regions Business Capital and Apollo Investment will provide debt financing.