Apollo Mulls $200M Equity Raise To Expand Footprint

Law360, New York (February 8, 2012, 4:55 PM EST) -- Apollo Investment Corp. is shaking things up in 2012 as it contemplates raising up to $200 million of additional equity capital and welcomes a new president to help the firm expand its footprint, the firm announced Wednesday.

Apollo's board has authorized its managers to explore a possible equity-raising deal, which could be conducted as a stock sale or rights offer, according to the fourth-quarter 2011 report Apollo issued Wednesday.

New York-based Apollo has net assets of $1.6 billion under management, according to the quarterly report....
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