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Access here alternative investment news about Apollo To Ares Seek Washington Help To Propel Risky Credit Boom
Private Equity

Apollo To Ares Seek Washington Help To Propel Risky Credit Boom

by fa-mag.com posted 10months ago 121 views
Apollo Global Management LLC and Ares Management LP are among private equity titans that scored a victory earlier this year when they persuaded Congress to let lending companies they control ramp up risk. Now, as lawmakers engage in frantic negotiations to avoid a government shutdown, the industry is back in Washington seeking more. At issue are business development companies, which provide loans to small and medium sized businesses and are part of a private lending boom that’s exploded since the 2008 financial crisis.