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As of April 8, 2008, the fund had generated a 54% IRR net of fees. Mr. Widra has been with Apollo Global Management, Inc. and/or its affiliates since 2013. He became the Chief Executive and a Director of Apollo Investment Corporation in May 2018 Title Loans Apollo Pennsylvania and previously served as the Company’s President since June 2016. Mr. Widra is a co-founder of MidCap Financial (“MidCap”), a specialty finance business that has over $20 billion under management, and was formerly its Chief Executive Officer.

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Unfortunately, car title loans are illegal in New Jersey because they effectively violate the state’s usury laws. … With that said, you should consider alternatives to getting a car title loan in New Jersey. Some options include: Borrowing money from friends or family.

On March 29, 2011, Apollo became a public company via an initial public offering. In December 2008, Apollo completed fundraising for its latest fund, Apollo Investment Fund VII, with approximately $14.7 billion of investor commitments. Apollo had been targeting $15 billion, but had been in fundraising for more than 16 months, with the bulk of the capital raised in 2007. In March 2007, Apollo announced the $3.1 billion leveraged buyouts of costume jewelry retailer, Claire’s Stores. In 2008, Claire’s experienced financial difficulty amid the slump in consumer spending. In February 2007, Apollo acquired Oceania Cruises for $850 million and provided additional capital to fund the expansion of the company with the purchase of two new cruise ships. Mr. Stein became a Director of the Company in March 2004 and currently serves as lead Independent Director. Mr. Stein has also been a Director of Apollo Senior Floating Rate Fund Inc. since 2011 and a Director of Apollo Tactical Income Fund Inc. since 2013. Our ability to co-invest with other Apollo managed capital makes Apollo Investment Corporation part of the one of the largest direct lenders uniquely positioned to mark large commitments. Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc., a leading global alternative investment manager, serves as our investment adviser.

Apollo Global Management

However, on February 14, 2019, Cox Media Group announced that it was selling its 14 television stations to Apollo. On February 10, 2020, Cox Enterprises bought back the Ohio newspapers it sold to AGM. The FCC required Apollo to reduce the daily newspapers to three days or sell them. In December 2009, Apollo announced the acquisition of Cedar Fair Entertainment Company for $635 million and assumed debt valuing the company at $2.4 billion.

The traditional payday loans are relatively cheap, and you can opt for them if you qualify. Adopt the required financial discipline to save a lot of money. The simplest way to influence your lender to give you an affordable service is to improve your credit score. Between 2005 and 2007 the private equity market was booming, with new “largest buyout” records set and surpassed several times in an 18-month window. Although Apollo was involved in a number of notable and large buyouts, the firm avoided the very largest transactions during the time.

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In March 2021, Leon Black stepped down as CEO and chairman after revelations that he paid Jeffrey Epstein $158 million for personal tax-related advice over the period from 2012 to 2017. Marc Rowan became chief executive officer after Black stepped down. In March 2021, Apollo Global Management announced the acquisition of life insurance company Athene Holdings for $11 billion. Prior to the merger announcement, Apollo owned 35% of Athene. In October 2018, funds managed by Apollo Global Management acquired a portfolio of $1 billion in energy investments from GE Capital’s Energy Financial Services unit. In April 2001, Apollo raised Apollo Investment Fund V with $3.7 billion of investor commitments.

  • Foreign banks are not allowed to own California insurance companies.
  • AAA’s investment portfolio was made up of a mix of private equity and capital markets investments.
  • Mr. Hunt also serves as a member of the Board of Advisors for the University of Vermont School of Business.
  • On February 10, 2020, Cox Enterprises bought back the Ohio newspapers it sold to AGM.
  • If the lenders need any more information, you provide it remotely.

It was a Guernsey-domiciled publicly traded private equity closed-end limited partnership, managed by Apollo Alternative Assets, an affiliate of Apollo Management. Apollo initially attempted to raise $2.5 billion for the public vehicle but fell short when it offered the shares in June 2006, raising only $1.5 billion. Apollo raised an additional $500 million via private placements in the weeks following that sale. AAA was formed to invest alongside Apollo’s main private equity funds and hedge funds. AAA’s investment portfolio was made up of a mix of private equity and capital markets investments. In April 2004, Apollo raised $930 million through an initial public offering for a listed business development company, Apollo Investment Corporation. AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies, including public companies. Ares Management, founded in 1997, was initially established to manage a $1.2 billion market value collateralized debt obligation vehicle.

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Ares grew to manage a family of collateralized loan obligation vehicles that invested in capital markets-based securities including senior bank loans and high-yield and mezzanine debt. Ares was founded by Antony Ressler and John H. Kissick, both partners at Apollo as well as Bennett Rosenthal, who joined the group from the global leveraged finance group at Merrill Lynch. Also in 1995, Apollo founding partner Craig Cogut left the firm to found Pegasus Capital Advisors. Since inception, Pegasus has raised $1.8 billion in four private equity funds focused on investments in middle-market companies in financial distress. Our investment objective is to generate current income and capital appreciation. https://cashnetusa.biz/ We invest primarily in various forms of debt investments including secured and unsecured debt, loan investments and/or equity in private middle market companies. We may also invest in the securities of public companies and structured products such as collateralized loan obligations (“CLOs”) and credit-linked notes (“CLNs”). In 2002, when Ares raised its first corporate opportunities fund, the firm announced that it would separate from its former parent company. The timing of this separation also coincided with Apollo’s legal difficulties with the State of California over its purchase of Executive Life Insurance Company in 1991. Foreign banks are not allowed to own California insurance companies.
Title Loans Apollo Pennsylvania
Ms. Loeb currently serves as a Director and Chief Executive Officer of PetCareRx, Inc., a leading e-commerce pet pharmacy that sells pet medications, supplies and food directly to the consumer. Ms. Loeb has served as Chief Executive Officer of PetCareRx since 2015 and formerly served as Chairman and Chief Executive Officer of the company from 2001 to 2011. From 1977 until 1994, Ms. Loeb was an investment banker at Goldman Sachs & Co., where she served as the head of the Structured Finance Department in the U.S. Ms. Loeb was named the first woman partner of Goldman Sachs & Co. in 1986 and served as a partner from 1986 to 1994. Ms. Loeb received an MBA from Harvard Business School and graduated Phi Beta Kappa from Wellesley College with a BA in economics. If you work with some lenders, you face the risk of losing some of your assets, including car and household items.

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