As sovereign debt soars, Apollo (APO.US) targets major government financing deals.

Zhito Finance APP has learned that Apollo Global Management (APO.US) is evaluating a larger role in financing highly indebted governments and state-backed enterprises, as these entities increasingly turn to private capital to fill budget gaps. Apollo President Jim Zelter said in an interview in London on Tuesday that, especially in Europe, governments are viewing private capital as "one of the solutions" to address rising debt.