Wary Private Equity With $2 Trillion War Chest Sits Out Carnage

Wary Private Equity With $2 Trillion War Chest Sits Out Carnage

 U.S. private equity firms hold about $2 trillion in cash, a useful position amid the current market carnage. But, for now, very few are putting that money to work. Deal activity has ground to a halt and discussions with businesses hit by the panic around the...
Apollo Snaps Up Portfolio Company Debt, Touts 250 Ways to Profit

Apollo Snaps Up Portfolio Company Debt, Touts 250 Ways to Profit

In an upbeat call with investors, Apollo Global Management Inc.’s co-heads of private equity investing said they are tracking more than 250 potential opportunities to scoop up distressed assets, and pursuing chances to enhance returns by snapping up its own portfolio...