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Report: Apollo registers acquisition company with focus on oil, gas pipe assets

Apollo Global Management LLC confidentially registered a special purpose acquisition company with the U.S. Securities and Exchange Commission that would focus on investing in North American oil and gas pipeline assets, Bloomberg News reported June 12 citing people familiar with the matter.

Apollo already has a management team for the special purpose acquisition company, the sources said, adding that the goal of the team is to raise capital in 2018.

The New York-based private equity firm is active in the North American energy industry play, having recently submitted bids for certain of BHP Billiton Group's Permian Basin, Eagle Ford, Haynesville and Fayetteville shale assets.