Fund managers

Leon Black’s early exit is latest in Apollo’s refocus on governance

The alternatives giant had said in January it would focus more effort on governance and reputational risk.

The impact of financial covenant breaches for lenders

With covid-19 causing complex disruption to the world of commerce, private equity sponsors, portfolio companies and lenders can work together to deal with financial covenant breaches encountered as a result of operating in such unprecedented times.

What’s not to like about Apollo’s purchase of Athene?

The market may have balked, but the firm’s deal to buy its insurance affiliate makes plenty of sense.

Sub line market shaken by alleged fraud

Lenders are rethinking due diligence after a private equity manager was arrested on charges that he forged LP commitments.

Goldman Sachs’ Broad Street closes on $7.1bn

The senior credit fund, which includes long-term leverage, has exceeded its target.

Hamilton Lane holds final close on $900m fund

The strategic opportunities vehicle is targeting investments striving for consistent cash yield.

The pandemic highlights the value of cash preservation

The ease with which capital could leak out of businesses was symbolic of borrower power in deal negotiations. A more challenging environment has put this in a harsher spotlight.

The implications of fundraising consolidation

Allvue’s Ryan Crowell takes a look at a private debt fundraising market that he believes is experiencing a second wind.

Why managers are feeling the heat on climate change

Many GPs have had a good crisis so far, but they need to be alive to LP sentiment on the big issues of the day.