The publicly listed alternatives firm, which earlier this month posted an $813m loss and sacked 80 employees, will extend a mix of debt and equity to Core Business Credit.
Apollo Real Estate is the latest firm to join the recent swathe of property investors in Europe setting up a debt fund.
Apollo Real Estate has plugged a gap in its European property coverage by acquiring a specialist debt company in London and now plans to raise a $1 billion fund.
Apollo Real Estate is the latest firm to join the recent swathe of property investors in Europe setting up a debt fund.
The publicly listed alternatives firm, which earlier this month posted an $813m loss and sacked 80 employees, will extend a mix of debt and equity to Core Business Credit.
The syndicating banks are now reconsidering the amount they want to sell as the planned £1bn syndication is over-subscribed at the discounted rate of 91 percent to face value. Some of the selling banks are reluctant to meet the demand.
Although panelists at the IFC’s 10th Global Private Equity Conference in Washington DC are sanguine about their deal flow in the emerging markets, some spoke of seeing a slowdown in the pace of fundraising.
The Los Angeles alternative investment firm has raised the largest ever distressed debt fund, more than three times the size of its previous similar vehicle.
The $15 billion of capital raised or targeted for infrastructure investment this week is one route for investors, managers and their banking partners to escape the credit mire, writes Nicholas Lockley
The Los Angeles alternative investment firm has raised the largest ever distressed debt fund, more than three times the size of its previous similar vehicle.