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Sunday, March 27, 2011

RPT-IPO VIEW-After Apollo Global, the deluge, (NYSE: BX)

Private equity firm Apollo Global is set to go public this week, and if the sale goes well, a gaggle of alternative investment managers could follow. Bankers are holding discussions with firms including Oaktree Capital Management [OAKCP.UL] and Carlyle Group [CYL.UL] about going public and are watching to see how Apollo does, sources familiar with the situation said. Apollo, which hopes to raise about $473 million in its IPO, missed the first great wave of private equity firms going public, which started in 2007 with the Blackstone Group (BX.N).

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