Bill Ackman’s hedge fund-firm took stakes in Fannie Mae and Freddie Mac, the government-owned mortgage insurers that investor Bruce Berkowitz is seeking to restructure, and said it may seek talks with management, shareholders and the government.
Apollo Global Management LLC, which has raised $3.9 billion to buy distressed European assets, is hunting for hotels and resorts in Spain as tourists from across Europe help pull the country out of a two-year recession.
Apollo Global Management LLC, the private-equity firm run by Leon Black, is seeking permission from investors to raise the limit on its new buyout fund to $17.5 billion to meet client demand, according to three people familiar with the matter.
Apollo Global Management LLC, the private-equity firm run by Leon Black, is considering seeking approval to raise the limit on its next flagship fund after investors expressed interest in putting in as much as $20 billion, according to two people with knowledge of the matter.
Bank of New York Mellon Corp. and federal prosecutors are close to settling some claims in a government lawsuit accusing the bank of overcharging customers for foreign-exchange trading, according to a court filing.
Apollo Global Management LLC, the private-equity firm run by Leon Black, completed the first stage of capital raising for its newest flagship buyout fund with about $6.8 billion, a person with knowledge of the matter said.