(Bloomberg) -- The private equity industry must face up to the reality of lower valuations, according to Apollo Global Management Inc.’s Scott Kleinman.Most Read from BloombergBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayA Struggling Business Park Deals a Blow to Singapore's Regional Hub Ambitions‘Everything Is Not Going to Be OK’ in Private Equity, Apollo’s Co-President SaysNvidia Tops $3 Trillion in Market Value, Leapfr
(Bloomberg) -- Scott Kleinman said he expects Apollo Global Management Inc. to participate in more deals similar to the $11 billion joint venture it inked with Intel Corp. this week as companies look for creative ways to meet their growing capital needs.Most Read from BloombergModi Vows to Retain Power Even as Party Loses India MajorityBlackRock, Citadel Back Texas Stock Exchange in Challenge to NYSEModi’s Magic Is Fading Fast. Who’s Next for India?Short Sellers in Danger of Extinction After Cru