Leon Black’s Apollo Global Management has invested an undisclosed amount in preferred stock of Morgan Joseph TriArtisan, Bloomberg reports. The company has also registered its own brokerage, AP CM, to find clients and negotiate deals for its buyout and hedge funds. Apollo, with $67.6 billion in assets as of Dec. 31, 2010, may offer additional financing to the securities firm. New York-based Morgan Joseph TriArtisan, formed through the merger of Morgan Joseph and merchant bank, Tri-Artisan Partners, will help underwrite bond sales for companies controlled by Black’s funds.
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