Private-Equity Giants Get a Surprise Win in $1.3 Trillion Spending Bill

  • U.S. legislation includes provision PE firms have lobbied for
  • Measure easy to miss in massive plan that funds government
Photographer: Andrew Harrer/Bloomberg
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Private-equity titans including Apollo Global Management LLC and Ares Management LP are poised to score a big win after lawmakers included in the $1.3 trillion spending bill a measure the industry has been lobbying over for years.

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