Private equity giant Apollo Global Management announced Friday that it has reached an agreement to acquire Gulf Stream Asset Management, a corporate credit investor with more than $3 billion in assets under management.
The deal, terms of which were not disclosed, will allow Apollo to expand its capital markets capacity in senior loan management, according to The New York Times. The Times notes that big private equity fims like Apollo–which has about $70 billion in assets under management and raised more than $565 million through an initial public offering in March–are broadening their portfolios as they “adjust to being publicly traded financial conglomerates.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
