Private Equity

Private Equity Is Raising Its Bets To Save Distressed Positions

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<p>In a casino, doubling down can be dangerous. But in private equity, it&rsquo;s increasingly becoming the best way to eke out a profit on a bet turned bad.</p> <p>From&nbsp;Apollo Global&nbsp;Management LP&nbsp;to&nbsp;Bain Capital&nbsp;to Thomas H. Lee Partners, investors have bought hundreds of millions of dollars of debt in struggling businesses they took private, giving them positions as both stockholders and creditors.</p>

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