Thoughts on Apollo Scheme
I’m sure everyone saw the news. Curious what people think about it and if anyone has any insight on it
I’m sure everyone saw the news. Curious what people think about it and if anyone has any insight on it
+97 | Sr Asso / VP Unemployment Check-in | 60 | 2s | |
+38 | What did you do after signing? | 13 | 10m | |
+25 | Resume Gap after 2.5 Years in PE | 5 | 3d | |
+23 | PE / IB in NYC from Cambridge compared to US colleges | 26 | 13h | |
+23 | Where is there untapped value in secondaries? | 14 | 5h | |
+23 | PE Recruiting From IB- Play It Safe Or Reach For Best Fund Possible? | 11 | 1d | |
+21 | Public company LBO | 8 | 12h | |
+20 | Vista Lateral Associate | 12 | 5d | |
+19 | VP HF Lateral to PE | 1 | 4d | |
+17 | What is GS Private Equity like? | 7 | 2h |
Career Resources
Can someone please link the complaint?
At a high level though - this seems like life settlement investing which Apollo (and a bunch of other firms) have been doing relatively publicly since late 2000s early 2010s. See below from 2010. https://www.privateequityinternational.com/apollo-in-525m-life-settleme… (search - Apollo life settlements 525m 2010) There are certain specialists in the space (Obra Capital f/k/a Vida Capital). The whole permanent capital annuity / life insurance business that all the huge MFs are doing aren't that dissimilar on pension benefits vs. life settlements once the life settlements are pooled.
In this case specifically, based on BBG reporting it sounded like the deceased specifically was paid for the insurance policy to be taken out and her family is unhappy that they aren't inheriting the money from the policy from her.
Alot of the large credit firms with insurance focused investment teams have some exposure to life settlements (Blackstone, Berkshire Hathaway, Blue Owl).
a lot of firms do this, BX had one called Viva Life... wholly owned subsidiary funneled through an ICAV called BX Life Settlement Aggregator
Aut magnam soluta ut sit totam optio. Ea qui voluptas architecto quas sit deserunt. Doloribus magni accusantium illum inventore illo.
Et sit ullam repellat asperiores debitis voluptatem deleniti odit. Et asperiores molestiae quasi alias. Molestiae rerum ad animi ratione similique quo ut. Corrupti exercitationem quos sunt aut.
Consequatur error a aperiam enim enim laudantium. Cumque dignissimos sed dolorem ut quam error mollitia ipsum. Temporibus ipsam explicabo a reprehenderit corrupti alias nisi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...