"The funds often want direct relationships with sophisticated investors," he said.

Among other measures, the fund also wants Russia to strengthen its banking system.

Let's say a fund wants to invest $80 million.

The fund also wants to be a lender of last resort.

The fund wants Egypt to reduce subsidies on food and energy.

The funds want the analysts to provide more basic research.

The fund also wants Russia to strengthen its banking system.

The fund doesn't want to have to deal with a default on itself.

The system was $4.7 billion in the red last year, and the funds want to raise premiums.

Apollo's fund will someday want to get out of its investment.