Apollo Seeks $500m Fund to Invest in SPACs

Apollo Seeks $500m Fund to Invest in SPACs

Apollo Global Management is raising $500m for a fund to invest in special purpose acquisition companies, the buyout firm’s latest move to capitalize on the investment trend. Apollo’s fund, one of the first of its kind, will buy stakes in the initial public...
Parallel49 Equity Completes a $310m Sale of Kinetrex Energy

Parallel49 Equity Completes a $310m Sale of Kinetrex Energy

Private equity firm Parallel49 Equity today announced the successful closing of the sale of Indianapolis-based Kinetrex Energy to Kinder Morgan for $310m. Kinetrex is the leading supplier of liquefied natural gas in the Midwest and a rapidly growing player in...