Apollo Global Management LLC, the private-equity firm run by billionaire Leon Black, made an offer for Rio Tinto Group’s Canadian iron-ore operations, according to a person familiar with the situation.
Apollo Global Management LLC, the private-equity firm run by Leon Black, plans to give fund investors all fees levied on companies in its next flagship pool, according to two people familiar with the situation.
Apollo Investment Corp., a New York- based provider of business loans, is nearing an agreement to buy health-care lender MidCap Financial LLC for about $500 million, said people familiar with the matter.
Apollo Global Management LLC is the top-performing stock among publicly traded alternative-asset managers as Chief Executive Officer Leon Black demonstrates that reaping gains from buyout holdings while raising new investment funds is the key to pleasing stockholders.
Spain’s Sareb, set up last year to acquire 90 billion euros ($116 billion) of soured real estate assets at a discount from rescued lenders, is preparing its first sale, known as ‘Project Bull,’ to test the beleaguered property market’s ability to attract investors.
In a private dining room at the Beverly Hills restaurant Spago, four dozen financiers gathered in April for a dinner put on by one of their own: Leon Black , head of private equity giant Apollo Global Management LLC .