Leon Black suffers most among PE kings

We all know the big boys of the private equity world are hurting. But who is suffering the most? Well, the buyout shop that has suffered the biggest declines in its portfolio company-issued debt is Leon Black's Apollo Management, notes the New York Post, relying on information from research firm FridsonVision. The report said that 40 percent of Apollo-sponsored deals over the past five years have had their bonds fall to distressed levels. That compares with 33 percent for Blackstone and only 10 percent for Kohlberg Kravis. Apollo deals that have fared worse include Realogy, a real estate firm, and two retail outfits.  

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