Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
Apollo Global Management Acquires Gulf Stream Asset Management, Expanding its Senior Loan Management Business
As reported by The New York Times, Bloomberg, Crain's and other media outlets, on July 8, our clients, Apollo Global Management, LLC and its subsidiaries, announced that they have agreed to acquire Gulf Stream Asset Management, which currently manages 10 collateralized loan obligations with more than $3 billion in assets under management.
The transaction is consistent with Apollo's strategy to broaden its existing traditional fixed income business and, upon closing, is expected to bring the assets under management of Apollo's capital markets business to approximately $27 billion.
The Paul, Weiss team included corporate partner Steven J. Williams and counsel Brian P. Finnegan, Bruce Gruder and Jennifer A. Spiegel. Partner Brad R. Okun provided tax advice and partner Lawrence I. Witdorchic provided benefits advice.