Imran Siddiqui Seeks $1 Billion-Plus for Deals After Leaving Apollo
- Siddiqui is said to be joined by Cernich in investing venture
- Investors seek to acquire assets in life insurance industry
Athene Holding Ltd. signage is displayed outside of the New York Stock Exchange (NYSE) during the initial public offering of the company's stock in New York, U.S., on Friday, Dec. 9, 2016. U.S. stocks were set for a record as oil powered above $51 a barrel on signs producers are following through with agreed production cuts. The dollar rose toward an 18-month high.
Photographer: Michael Nagle/BloombergImran Siddiqui, who departed as a senior partner of Apollo Global Management LLC this year, is seeking more than $1 billion from investors for a venture to pursue deals in the life insurance industry, according to people familiar with the matter.
He’s joined by Stephen Cernich, who was previously at Apollo-backed annuity seller Athene Holding Ltd., said the people, who asked not to be identified discussing the efforts because there’s been no public announcement.