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Phil Falcone Uses Apollo Court Claim to Secure Loan From Michael Dell

  • Ex-billionaire borrows $3 million from Dell’s family office
  • Falcone’s hedge fund sued Apollo over a soured wireless deal
Michael Dell

Michael Dell

Photographer: David Paul Morris/Bloomberg

In the past decade, former billionaire Phil Falcone drove his multibillion-dollar hedge fund into the ground, was temporarily banished from the securities industry and wrangled in court with multiple creditors. 

Even so, he’s still managing to raise cash from at least one deep-pocketed backer: Michael Dell.