Apollo shops for first dedicated capital-call credit facility


Leon Black, Apollo Global Management, private equity
Leon Black, Chairman and CEO Apollo Global Management, LLC, takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills, California April 29, 2014. REUTERS/Kevork Djansezian (UNITED STATES - Tags: BUSINESS) - GM1EA4U09MM01
  • Will have a lead bank and be syndicated out
  • Facility needs to be large for Fund IX
  • Apollo never had a dedicated capital-call facility
Apollo Global Management is causing a stir in the market as it sets up its first dedicated capital-call credit line. The firm is seeking for the first time a subscription line of credit, sources told Buyouts. Such credit lines secured ...

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