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Apollo Global Management, Inc. (NYSE: APO) is a premier alternative investment manager that specializes in private equity, credit, and real estate, with expertise in distressed asset situations. Founded in 1990, Apollo is known for its contrarian, value-oriented investment approach. The company operates across various sectors including chemicals, manufacturing, natural resources, consumer services, financial services, leisure, media, and technology.
As of December 31, 2023, Apollo managed approximately $651 billion in assets. The firm generates the majority of its revenue from its Retirement Services segment through Athene, a leading provider of retirement savings products. Apollo's integrated business model sets it apart, enabling seamless capital deployment across a diverse portfolio.
Recently, Apollo has made significant strides in renewable energy investments. For example, Great Bay Renewables, a joint venture with Apollo funds, entered into a $10.1 million facility with Hexagon Energy to support solar development projects totaling 1,500 MWac in the MISO interconnection queue.
Apollo has also expanded its international footprint through strategic acquisitions and partnerships. The firm recently acquired a majority stake in Panasonic Automotive Systems Corporation, aiming to accelerate growth in the advanced automotive solutions sector. Additionally, Apollo formed a partnership with MassMutual, making MassMutual a minority equity owner in ATLAS SP Partners.
Financially robust, Apollo continues to innovate in capital solutions, having secured transactions like its $1.85 billion acquisition of U.S. Silica Holdings, Inc. This move further diversifies Apollo's investment portfolio and fortifies its presence in the industrial minerals sector.
InvestCloud has announced a founding partnership with Apollo (NYSE: APO) to activate the Private Markets Account Network (PMA Network). The collaboration integrates Apollo's private market model portfolios into InvestCloud's APL platform, which manages over $3 trillion in assets across nearly 10 million accounts.
The PMA Network, launched with the Private Markets Account (PMA) in December 2024, creates a unified platform combining public and private assets for wealth management. Apollo, as the founding alternative asset manager, will provide various portfolio strategies including fixed income, equity, and real asset private market solutions.
The network connects asset managers, wealth managers, intermediaries, distributors, and model creators through InvestCloud's platform, enabling broader access to private markets investments. The system aims to simplify portfolio management and enhance investment outcomes for financial advisors and their clients through a centralized point for holding, valuing, and rebalancing alternative investments.
Apollo (NYSE:APO) has announced that its managed funds have acquired a majority stake in Bold Production Services, a provider of production-linked natural gas treatment solutions. Bold operates a fleet of 700+ assets, including dehydration units, H2S treating units, and total flow coolers, serving customers in the Permian and Eagle Ford basins.
The investment aims to support Bold's growth as natural gas demand is expected to increase over the next decade, driven by power generation, LNG exports, and data centers. Bold will maintain its Houston headquarters with its current leadership team, including CEO Glen Wind. Apollo brings expertise in the natural gas value chain and has committed approximately $58 billion to climate and energy transition-related investments over the past five years.
New Catalyst Strategic Partners announced three key appointments to strengthen its investment and value creation capabilities. James Pyo joins as Portfolio Manager, bringing over a decade of asset management experience from Wafra Inc., where he specialized in strategic partnerships and GP investments. Ivaldo Basso, with 30+ years in alternative investments, joins as Operating Partner to focus on operational infrastructure development. Beth Rahn, a 15+ year private investments executive, also joins as Operating Partner to support capital formation and distribution.
The firm, which formally launched in January 2024 in strategic partnership with Apollo Global Management (NYSE: APO), focuses on providing solutions for Next Generation GPs. The new team members will enhance New Catalyst's ability to provide strategic capital and value creation resources to partner firms.
Apollo Global Management (NYSE: APO) has reported its Q4 and full year 2024 results, marking a strong performance year. The company achieved several significant milestones in 2024, including:
- Record origination activity exceeding $220 billion
- Inflows of more than $150 billion
- Assets under management surpassing $750 billion
The company declared a cash dividend of $0.4625 per share of Common Stock for Q4 2024, payable on February 28, 2025, to holders of record as of February 18, 2025. Additionally, a cash dividend of $0.8438 per share of Mandatory Convertible Preferred Stock was declared, payable on April 30, 2025, to holders of record as of April 15, 2025.
Apollo (NYSE: APO) has announced that Scott Kleinman, Co-President of Apollo Asset Management, will participate in a fireside chat at the Bank of America Securities Financial Services Conference. The event is scheduled for Tuesday, February 11, 2025, at 8:50 am ET.
Investors and interested parties can access a live webcast of the presentation through Apollo's Investor Relations website at ir.apollo.com. For those unable to attend the live session, a replay will be made available shortly after the event concludes.
Apollo (NYSE: APO) has launched Apollo Allocation Pro, a new portfolio construction tool designed for financial advisors to explore alternative investment strategies, particularly in private markets. The platform builds upon the firm's Apollo Academy, an educational initiative launched in September 2022 that offers various resources including CE-credit courses, white papers, and podcasts.
The tool, developed in partnership with iCapital, features interactive portfolio design capabilities allowing advisors to create and model portfolio allocations combining alternatives with traditional public market indices. It provides access to 17 different indices and enables customization based on varying risk tolerance levels.
This launch represents Apollo's continued commitment to enhancing access to alternatives and supporting financial intermediaries with educational resources for integrating private markets into client portfolios.
Apollo (NYSE: APO) has announced its participation in the upcoming UBS Financial Services Conference. The company's Chief Financial Officer, Martin Kelly, will engage in a fireside chat scheduled for Monday, February 10, 2025, at 9:40 am ET. Investors and interested parties can access a live webcast of the presentation through Apollo's Investor Relations website at ir.apollo.com. For those unable to attend the live session, a replay will be made available on the same platform shortly after the event concludes.
Apollo (NYSE: APO) has announced a USD $500 million investment in Subordinated Notes issued by Aldar Properties, marking one of Abu Dhabi's largest corporate hybrid private placements. This transaction brings Apollo's total investment in Aldar to approximately USD $1.9 billion across four transactions since 2022.
The deal follows Apollo's August 2022 transaction where Apollo-managed funds invested USD $1.4 billion in Aldar, including a USD $400 million equity investment in Aldar Investment Properties. This latest investment strengthens Apollo's presence in Abu Dhabi and the UAE, following their November 2024 announcement of extending their multi-billion-dollar partnership with Mubadala Investment Company.
Since 2020, Apollo's High-Grade Capital Solutions strategy has originated nearly $100 billion in bespoke capital solutions for major companies including Intel, Sony, Air France, and AB InBev.
Apollo (NYSE: APO) and Securitize have announced a partnership to launch the Apollo Diversified Credit Securitize Fund (ACRED), a tokenized feeder fund providing access to Apollo Diversified Credit Fund. The fund will be available across multiple blockchain networks including Aptos, Avalanche, Ethereum, Ink, Polygon, and Solana.
ACRED represents the first on-chain product offering access to Apollo Diversified Credit Fund, a diversified global credit strategy investing in corporate direct lending, asset-backed lending, and performing, dislocated and structured credit. The fund features native redemptions at daily NAV and has secured investments from notable players including Coinbase Asset Management and Kraken.
The partnership leverages Wormhole for cross-chain interoperability, enhancing liquidity and accessibility. Qualifying investors can participate exclusively through Securitize Markets, with Securitize serving as the digital transfer agent and fund administrator.
Barnes Group (NYSE: B) has completed its previously announced acquisition by Apollo Funds in an all-cash transaction with a total enterprise value of approximately $3.6 billion. Under the terms of the agreement, Barnes shareholders will receive $47.50 per share in cash.
The transaction, announced on October 7, 2024, and approved by Barnes shareholders on January 9, 2025, marks a significant milestone for the global provider of engineered products and industrial technologies. Following the completion, Barnes' common stock has ceased trading and will be delisted from the NYSE.
The acquisition aims to accelerate Barnes' transformation strategy, enhance capabilities, and broaden product offerings. Apollo sees significant potential in Barnes' aerospace and industrial sectors portfolio, particularly noting the company's positioning to benefit from robust aerospace demand trends.
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