Interesting FT article on Apollo

http://www.ft.com/intl/cms/s/0/dd3c8c42-a825-11e3-8ce1-00144feab7de.html?siteedition=intl#axzz2vgCCvbeV

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Private equity_ Apollo’s charge to the top - FT.pdf 824.46 KB 824.46 KB
6 Comments
 
chemicals

Anyone know what exactly Apollo's strategy is with Athene? Is the "permanent capital" just insurance float, and what can they invest with that?

Pretty sure it's mostly credit/high yield investments. I don't think they're allowed to put it into something as illiquid as PE

 

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