Ares, Apollo prepare to deploy PE funds in distressed debt


Apollo Global Management, private equity, Leon Black, Josh Harris, Marc Rowan
  • Ares’s Bennett Rosenthal, Apollo’s Josh Harris bullish on distressed debt
  • Markets “ready and expecting some sort of downturn,” says Rosenthal
  • “Our flow of distressed-for-control investments has increased,” says Harris
Ares Management and Apollo Global Management expect to deploy their new private equity funds in distressed for control deals, a departure from the traditional buyouts that dominated their pipelines for much of the last half decade. “This feels like one ...
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