Link: http://www.bloomberg.com/news/articles/2016-01-29/apollo-lbo-pipeline-dried-up-as-lending-shut-down-harris-says

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In a story quoting Apollo’s co-founder, Josh Harris on the difficulties PE firms are facing:

“Banks have been suffering severe indigestion over high-yield loans to which they were committed,” Erik Gordon, a professor at the University of Michigan’s Ross School of Business, said after Harris spoke. “It will be a while before their appetite for new loans reappears.”

http://www.bloomberg.com/news/articles/2016-01-29/apollo-lbo-pipeline-dried-up-as-lending-shut-down-harris-says

Same story at The Washington Post:

http://washpost.bloomberg.com/Story?docId=1376-O1QFUH6JTSE801-2ISVH8V8BHBD0SIIEE099DS102

Erik Gordon
Ross School of Business
University of Michigan

Erik Gordon
Ross School of Business
University of Michigan