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...Apollo Global Management improperly agreed to pay $570mn to cover the tax bills of its top executives as part of a shake-up aimed at distancing the private equity firm from its scandal-plagued founder Leon...
...Doing so will add $12.5bn to General Atlantic’s $83bn assets under management....
...Desai’s AND Partners LLC will provide services including “research on considerations around potential imposition of sanctions administered by the United States Office of Foreign Assets Control upon [Troost...
...Senior partners at the accounting firm BDO USA are in line for a big windfall after the arrangement of a $1.3bn debt deal with Apollo Global Management, according to people familiar with the situation....
...Alongside Warburg, a group of older private equity managers such as Clayton, Dubilier & Rice, CVC Capital Partners, TA Associates and GTCR have all recently closed large funds above their targets....
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...Apollo told him: “Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management...
...Cannae pays a 1.5 per cent annual management fee, roughly $40mn, to another Foley affiliate....
...Rothschild set up RIT Capital Partners, a listed investment trust investing in public and private markets that he chaired for more than 30 years....
...Blackstone president Jonathan Gray told the Financial Times last May the world’s largest private capital group — which has $1tn of assets under management — could become a “valuable partner” to banks looking...
...A portfolio manager at Izzy Englander’s Millennium Management is preparing to launch what would be the biggest new hedge fund in more than a year after securing $3bn of capital from his employer and taking...
...In its report, Glass Lewis said that the 15 months since Iger returned for a second stint as CEO “have provided management and an incrementally reconstituted board with adequate opportunity to launch a more...
...Renamed GV, it now boasts more than 400 companies in its portfolio and has some $8bn in assets under management....
...Law firm Simpson Thacher & Bartlett has named 32 new partners.* Law firm White & Case has named 42 new partners....
...In September CVC Capital Partners paid €1bn for infrastructure fund manager DIF Capital Partners, which is of a similar size as Actis....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...base management fees....
...In September, Discover agreed to improve its consumer compliance management system under a consent order from the FDIC....
...And we’ve gotten here only because we’ve been good enough with our stakeholders, our suppliers, our people, our partners.”...
...Apollo Global Management plans to grant roughly $550mn in stock to four senior executives, reworking their pay structure as future top leaders at the $631bn asset manager....
...AssetCo’s active equity asset management arm subsidiary, River and Mercantile, will launch its own ETFs on Rize’s platform....
...Inter Miami, which is backed by investment group Ares Management and co-owned by construction billionaire Jorge Mas and his brother Jose, has emerged as a symbol of the convergence of sports, entertainment...
...Shleifer will remain as a senior adviser to Tiger, while his private equity role will be replaced with an investment committee chaired by Coleman and consisting of Shleifer and partners Evan Feinberg, Eric...
...Canada’s Brookfield Asset Management also studied a bid but decided not to move forward, said two people briefed on the matter....
...The firm announced a new “office of the chief investment officer”, hiring Justin Gmelich, another former Goldman partner, as co-CIO alongside the promoted Russo and the two heads of risk management, Rofey...
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