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Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.

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.

July 12, 2011

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