Apollo Global Management has hired outside legal counsel to review founder and CEO Leon Black’s relationship with convicted sex offender Jeffrey Epstein, after revelations that Black paid millions of dollars to Epstein for advice and services.
In the latest in a flurry of activity involving special-purpose acquisition companies, consumer-lending firm Finance of America Companies said Tuesday that it is prepared to go public through a merger with Replay Acquisition Group, a SPAC formed in 2018.
A blank-check company backed by private equity firm Apollo Global Management is looking to raise $400 million in an initial public offering to invest in a business in the energy industry, the second recent sustainability-targeted effort by the firm in recent months.
Leon Black, co-founder of private equity firm Apollo Global Management, paid Jeffrey Epstein at least $50 million for advice and services after the now-deceased sex offender was first convicted of soliciting prostitution from a teenage girl, The New York Times reported Monday.
HPS Investment Partners, a firm with $65 billion in assets under management, has raised about $9 billion for a fund dedicated to debt investments in riskier companies, as many seek cash during the economic downturn.
The U.S. Virgin Islands is asking Paris-based bank BNP Paribas to produce any information it has about the business dealings of Jeffrey Epstein, the latest financial institution to be pulled into the territory’s inquisition into the late sex offender’s finances.
Residential mortgage provider and purchaser AmeriHome filed for an initial public offering, falling in step with a surge of companies that have recently tapped the public equity markets.
A special-purpose acquisition company backed by private equity firm Apollo Global Management disclosed in a filing Wednesday that it is seeking to raise $750 million through its initial public offering, a move amid a significant jump this year in activity for such investment vehicles.
Alternative investment manager Apollo named the leadership team of its new impact investing platform on Tuesday, becoming the latest private equity firm to pledge to focus on environmental, social and governance goals.
A consortium of insurance and pension investors led by Apollo Global Management has agreed to buy nearly half of a $5.5 billion real estate portfolio held by the state oil company of the United Arab Emirates.
Officials in the U.S. Virgin Islands are subpoenaing billionaire investor Leon Black for information about his business ties to Jeffrey Epstein as the territory continues to broaden its search for information about the late sex offender’s finances.
Bain Capital said it would slash its dividend for the first time in over two years as the private equity and venture capital firm posted a 6% year-over-year decline in net investment income to $20 million.
Apollo Global Management co-founder Marc Rowan will take a “semi-sabbatical,” after leading two major second-quarter insurance deals that helped push the alternative investment firm’s assets under management above the $400 billion threshold for the first time.
Spartan Energy Acquisition Corp., a special purpose acquisition corporation that is affiliated with Apollo Global Management, will take electric vehicle company Fisker public through a merger, the companies said on Monday.
Private equity giant Apollo Global Management rolled out a new platform on Monday to focus on originations for large direct lending that counts Mubadala Investment Company, which manages the government of Abu Dhabi’s portfolio, as a lead investor.
The National Australia Bank said Thursday it would expand its private wealth offerings with 50 new bankers and advisers as it brings its high-net-worth services under a single roof.
Apollo Global Management completed its acquisition of Tech Data on Tuesday, prompting the IT distribution giant to commit $750 million to give itself a “digital transformation” of improved platforms and analytics.
New York private equity firm Apollo Global Management and insurer Athene Holding have provided $500 million in capital to real estate investment trust MFA Financial, marking the latest in a streak of deals by the private equity giant amid the pandemic.
Ares Management said Monday that it closed on a new fund for distressed investing that is significantly oversubscribed, with $3.5 billion of commitments, as asset management firms increasingly turn to new strategies to take advantage of the coronavirus-related economic downturn.
Athene Holding will make a $500 million investment in Jackson National Life Insurance Company, a U.S. division of U.K.-based Prudential plc, in exchange for an 11.1% stake in a deal that also includes a reinsurance arrangement covering a $27.6 billion Jackson annuities portfolio.