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FEB 28, 2014 - TheStreet

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Apollo's Leon Black on the Risk of Overpaying

NEW YORK (TheStreet) -- Leon Black is most proud of Apollo Global Management's thrift, as money pours into the private equity giant and is showered upon investors and upper management. Apollo Global Management accounted for over 10% of the private equity industry's realization and fundraising activity in 2013. The Apollo chairman and CEO, however, appears most proud of not overpaying for deals in recent years. In January, Apollo announced it closed of its newest flagship private equity fund, Apollo Investment Fund VIII, with $17.5 billion of commitments from limited ... Read More

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