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...These types of asset-backed debts have become hotly coveted in the private capital industry as large managers such as Brookfield, Apollo Global and KKR manage insurance-based investment assets, generating...
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...In bidding for all of Paramount in cash, Apollo expected the media company’s debt, which stands at more than $16bn, would not need to be refinanced after a recent rating agency downgrade, making what would...
...Data from Sweden’s statistical agency show that there are 1.33mn registered enterprises in the country....
...In the US, insurers that have taken on exposure to the private equity firm 777 Partners are under fire from regulators and rating agencies for potentially excessive risk-taking....
...He is currently a partner and chief economist at Apollo Global. He spoke with Unhedged last week....
...finance outlook as the country contends with more uncertain economic prospects amid a transition away from property-reliant growth to what the government views as a more sustainable growth model,” the agency...
...Now, Apollo is preparing a bid alongside Sony Entertainment that could be unveiled as early as this week....
...One scoop to start: Apollo has sold a stake in the lending business it acquired from Credit Suisse last year shortly before the Swiss bank’s shotgun rescue by UBS, securing a multibillion-dollar investment...
...The four executives are Matt Nord and David Sambur — two senior partners who lead Apollo’s private equity business — as well as deputy chief investment officer of credit John Zito and Grant Kvalheim, president...
...The international agency acquired Kassan’s strategic advisory firm MediaLink in 2021 for $125mn from UK-based Ascential, and made Kassan a partner....
...As Rowan said on Apollo’s third-quarter earnings call: “When I talk about private credit, I’m really talking about the secular change as a result of debanking....
...In 2008, Blackstone acquired GSO Capital, a credit manager with $10bn in assets managed. Today, Blackstone has $300bn in credit assets, even as most of the original GSO brass have long departed....
...the proposed ArtFi deal a pristine AAA credit rating....
...Apollo has instead sold the $500mn loan at par to the hedge fund Citadel’s Citadel Credit Master Fund, according to a person directly familiar with the matter and a court filing....
...The downgrade came from AM Best, the specialist rating agency, citing a significant rise in exposure to “less liquid affiliated investments”....
...Another added that credit rating agencies would generally not tolerate debt exceeding 1.5 to 2 times the equity buyers were investing if they were to assign pristine ratings....
...In recent decades, buyout groups such as Blackstone, KKR, Apollo and TPG have transformed from clubby partnerships into publicly traded corporations with large public market valuations....
...“Everyone is getting a pass right now, whether you are in the US or Italy, but there have been some signs recently that investors and rating agencies are starting to think about this again.”...
...Athene itself was conservatively capitalised with an A credit rating and billions in capital that exceeded regulatory requirements....
...Their reluctance to lend meant the industry ceded market share to private credit investors including Ares, Apollo, Blackstone and Sixth Street....
...The statement followed a downgrade from rating agency Moody’s on Tuesday, which cut the bank’s overall credit rating to junk....
...His overtures to private equity, private credit and hedge funds rarely got beyond the first meal. Often the cultures or business models clashed....
...The menu on Apollo 17 was limited....
...Two-thirds of these investments were credit transactions, rather than equity investments in projects, he said....
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