"It's almost biblical," says Apollo Global (APO) CEO Leon Black. "There is a time to reap and...

|About: Apollo Global Management... (APO)|By:, SA News Editor

"It's almost biblical," says Apollo Global (APO) CEO Leon Black. "There is a time to reap and there's a time to sow ... We are harvesting." The P-E kingpin says Apollo has unloaded about $13B in assets over the past 15 months. "The financing market is as good as we have ever seen it. It's back to 2007 levels. There is no institutional memory ... We're selling everything that's not nailed down."