Apollo Seeks $20 Billion to Pounce on Credit Market Tumult

Apollo Seeks $20 Billion to Pounce on Credit Market Tumult

Apollo Global Management Inc., the alternative investment firm with the largest private credit unit, plans to raise $20 billion across several new funds as distressed opportunities soar. The firm is seeking to gather the money over the next year for dislocations in...
Sternlicht Blank-Check Firm Files for $400 Million IPO

Sternlicht Blank-Check Firm Files for $400 Million IPO

 A special purpose acquisition company co-founded by billionaire real estate executive Barry Sternlicht is planning to raise about $400 million in an initial public offering. Jaws Acquisition Corp. plans to issue 40 million units at $10 apiece, according to a filing...