Thursday, April 5, 2007
Apollo Management, the private equity firm headed by Leon D. Black, is reportedly looking for a private investor to buy a minority stake in the firm. Apollo has been the target of speculation that it would soon go public, following the lead of the Blackstone Group. Both moves reflect a desire on the part of the firms to cash in on some of their wealth. See NYTimes, Equity Firm Is Seen Ready to Sell a Stake to Investors ; WSJ, Apollo Explores Sale of 10% Stake In a Private Deal.