Hunter Hopcroft
speaker
537 appearances
1 recordings
1 series
first heard Mar 2025
last heard Mar 2025
Hunter Hopcroft’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
If you think about traditional private equity, it's very income statement driven.
Can you increase EBITDA and can you bootstrap some higher multiples somehow?
Apollo has always been balance sheet focused.
And so when they looked at these distress situations, they saw a way to get at assets that had value.
And a good example of that is it's actually through the executive life deal that Apollo ultimately comes to control a brand like Samsonite.
So part of this giant executive life distress debt portfolio were EII bonds, which were Samsonite's parent company.
Samsonite itself actually was formerly a KKR portfolio company.
Anyway, EII falls into bankruptcy, and Apollo's bond ownership gives them significant control over the restructuring.
EII ultimately emerges from bankruptcy as Astrum and refocuses on Samsonite, which spins out as an independent brand and is another huge win for Apollo.
But again, it's getting at this ownership, getting at these assets.
through the debt side of the balance sheet.
Sure.
And actually the founding of Ares speaks to this credit line a portfolio.
Again, Executive Life was a California life insurer.
Tony Ressler sets up Ares at that time line advisors on the West Coast.
And it's closely affiliated, though not directly related to Apollo.
And it becomes this West Coast
satellite for Apollo's credit operations.
And ultimately, again, now we're talking about 2002.
So this is almost 12 years after this initial executive life deal.
Showing 101–120 of 537 · page 6 of 27
← Previous
Next →