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Dan Primack Apr 24, 2017
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Private equity's push into public stocks

Richard Drew / AP

Apollo Global Management may increase its investors' exposure to public equities, per a Bloomberg review of marketing materials for the firm's next flagship buyout fund (slated to close in May). Specifically, Apollo would allocate up to 10% of the $20 billion+ targeted vehicle to listed stocks on the open market, doubling the 5% allocation on its current fund.

Why? The idea is to form so-called toeholds, or small stakes that may lead to future takeover opportunities.