A ‘Shadow’ Lending Market in the U.S., Funded by Insurance Premiums Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.
Paramount Agrees to Sell Simon & Schuster to KKR, a Private Equity Firm The deal, for $1.62 billion, will put control of a cultural touchstone in the hands of a financial buyer.