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Apollo gotten passions inside the firms that Drexel got assisted financing because of the to find high-yield securities of were not successful offers and you can fund and you will insurance firms. Apollo raised up to $eight hundred million out of investor commitments based on Leon Black's reputation since the a popular lieutenant of Michael Milken and you may a good key player regarding the buyout increase of the eighties. Within half a year after the failure away from Drexel, Apollo introduced Apollo Investment Finance L.P., the first of its personal-equity financing fund, shaped and make investments within the disappointed businesses.

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