Private Equity Switches to the Full-Court Press
FINANCE • It's a busy day for private equity! Blackstone, TPG Capital, and Apollo Management are working on a deal to buy $12.5 billion of loans that were used to finance corporate buyouts from Citigroup. Meanwhile, TPG funneled $7 billion to WaMu to help stabilize the firm's finances, and Apollo is planning an IPO (a move that KKR will probably be keeping its eye on). Phew! [NYT / DealBook/NYT, Reuters via DealBook/NYT] • Morgan Stanley's CEO and chairman John Mack wins reelection despite thhttp://nymag.com/daily/intel/2008/04/priva...