Apollo Pushing Short Credit Fund Amid ’Danger Signs’

Leon Black’s Apollo (APO) Global Management LLC is raising a new fund to bet against corporate credit as concerns grow over deteriorating debt markets.

Blackstone raises up to $960 million for retail credit fund

(Reuters) - Blackstone Group LP , the largest publicly listed alternative asset manager, said on Wednesday that it had raised up to $960 million for its third publicly listed mutual fund to invest in corporate credit whose quality is below investment grade.

Apollo Global Plays Catch-Up in Oil With $7.15 Billion El Paso Unit Buyout

Apollo Global Management LLC (APO), seeking to catch up with KKR & Co. and Blackstone Group LP (BX) in the buyout industry’s race for energy assets, agreed to acquire El Paso Corp. (EP)’s oil- and gas-exploration unit for $7.15 billion.