Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Scott Kleinman"


4 mentions found


Apollo's Scott Kleinman warned of a "dry spell" for investors as deals from a friendlier era unwind. Managers must adjust financial projections from deals done in the zero-interest rate era. AdvertisementA leading private equity executive just warned that investors are in for a "pretty dry spell for a few years." "I'm here to tell you everything is not going to be OK," Scott Kleinman, the co-president of Apollo Global Management, said at a session during Berlin's SuperReturn International conference on Wednesday. Managers have to adjust their financial projections for deals struck in the looser world of zero interest rates, when financing was cheap and consumers spent more.
Persons: Apollo's Scott Kleinman, , Scott Kleinman, Berlin's Organizations: Investors, Service, Apollo Global Management, Business
Private-equity giants Blackstone and Apollo released their holiday-themed videos on Thursday. In Apollo's, employees are chefs and cook up a holiday meal for the firm at the CEO's request. So it goes in the world of private-equity firms' holiday videos, where straight-laced investors and billionaire chief executives get very into their starring roles and the jokes are a little on the nose. The secret thing that makes Blackstone, Blackstone," he responds. Finally, as he puts on a Santa hat, Blackstone CEO Steve Schwarzman says the secret is the great people they hire.
REUTERS/Hannah McKay/File PhotoSummarySummary Companies Pension funds still need to raise cashCredit funds pick up bargains from pension fund salesSome credit funds already sitting on profitsLONDON, Nov 18 (Reuters) - Credit funds at Blackstone, Apollo, DZ Bank and Astra Asset Management picked up bargains from UK pension funds during their scramble for cash, and some say pension schemes are still offloading assets as pressures persist. Hedge funds and private equity firms have taken advantage of the forced sales to snap up deals - including certain portions of collateralised loan obligations (CLOs), securities that pension funds invest in. The credit funds are already sitting on juicy profits on some of these trades. This is because these pension funds must match their portfolios to what they will owe retired members. Even though the markets have calmed, some pension funds are still dealing with the implications," said Mody.
The ultimate winners from the economic downturn may turn out to be private-equity firms. At the same time, private-equity firms are seeing fewer exits and fundraising is slowing. That's the private-equity industry, according to interviews with corporate advisors and a review of earnings transcripts. Regardless of the challenges, however, one positive note for the largest private-equity firms is that they are more diversified today. These relationships are better insulating private-equity firms from economic cycles, she added.
Total: 4