Joseph Baratta, who runs the private- equity business of Blackstone Group LP, said the stock market rally that helped firms exit investments may last two more years, as long as the Federal Reserve provides support.
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, said third-quarter profit rose 39 percent as it sold assets and fund holdings climbed. The shares fell the most in more than two months as executives addressed analysts’ questions regarding deal activity.
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.
Wally Weitz, the mutual-fund manager who beat 90 percent of rivals in the past five years by buying stocks he deemed cheap, says bargains are so scarce these days that he’s letting his cash holdings swell.
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 .