Apollo Global Management

Cadma Capital Partners will provide asset-backed financing to venture- and growth-lenders, high-growth companies, and financial sponsors.

Apollo Global Management Inc. board members are investigating co-founder Leon Black’s ties to disgraced financier Jeffrey Epstein after more information emerged this month about their longtime business dealings.

The transaction is the first in two years for MidCap, which provides startup and expansion financing for biosciences/healthcare and technology firms backed by VC and private equity.

The subpoenas will seek financial statements and tax returns for a number of entities, including ones that manage some of Black’s $9 billion wealth. They will also go to Apollo and entities that help manage his art collection, the New York Times said.

Sources say the firm has been talking with prospective investors about raising $2 billion to $3 billion for Apollo Infrastructure Opportunities Fund II LP, planning on annual returns of 13%-16%.

Apollo Global Management Inc. faces the prospect of having to hand back earlier profits from several of its funds as its holdings were hit hard by the economic fallout from the coronavirus pandemic.

The buyout giant has already bought billions of investments once managed by GE Capital and is now sizing up GE's insurance and jet-leasing businesses, according to sources.

Not every tranche of notes originally issued by ALM XIX has been upsized by the same amount; in fact, some of the lower-rated tranches have been cut in size.

The €400 million RRE 1 Loan Management DAC has a 4.5-year reinvestment period and two-year non-callable period, according to presale reports.

A growing number of asset managers are waking up to the opportunity to lend to small and medium-sized companies, and much of this direct lending is making its way into the securitization market.