Apollo Global Management, Inc. - APO STOCK NEWS

Apollo launches the Apollo Private Markets SICAV, a product platform offering alternative investment solutions to wealth investors in EMEA, Asia, and Latin America. The platform launches with two investment strategies and plans to add more in the future. The SICAV structure allows investors to access strategies in their local currency with lower investment minimums. This marks a significant milestone in the buildout of Apollo's Global Wealth business outside of the United States.

Mubadala Investment Company will invest $500 million in Brightspeed, a US-based broadband and telecommunications services company. This investment will make Mubadala a minority shareholder alongside investment funds managed by Apollo Global Management. Brightspeed plans to reach up to 3 million homes and businesses with its fiber optics network over the next five years. The investment aims to accelerate Brightspeed's growth plans and bring high-speed internet connectivity to communities with limited fiber access.

Apollo (NYSE: APO) has launched Apollo Clean Transition Capital (ACT Capital), a new investment strategy aimed at facilitating the transition to clean energy with $4 billion in deployable capital. This strategy will support corporates in transitioning to sustainable practices and is part of Apollo's broader Sustainable Investing platform targeting $50 billion in clean energy investments by 2027, with a potential of over $100 billion by 2030. In its inaugural year, the platform has already deployed over $6 billion. ACT Capital seeks to address the annual $4.5 trillion investment requirement for global energy transition by leveraging Apollo's resources to target opportunities in energy transition, decarbonization, mobility, and sustainable real estate.

Apollo (NYSE: APO) has announced a €1 billion investment in a portfolio of prime real estate assets managed by Vonovia, a top residential real estate firm in Germany. This investment aligns with Vonovia’s capital allocation plans, granting Apollo’s insurance and institutional clients access to high-quality assets with long-term income potential. The portfolio includes 21,000 residential units known for high occupancy and robust cash flows. With this transaction, Apollo has originated over $18 billion in transactions since early 2022, highlighting its capability to meet the needs of long-term investors seeking quality yield assets. The investment is expected to complete in Q2 2023, pending regulatory conditions.

TeleVox has launched Iris, an AI-driven virtual assistant designed to enhance patient engagement, reduce operational costs, and improve access to healthcare services. Unveiled at the HIMSS Conference, Iris integrates with the HouseCalls Pro platform and utilizes Microsoft Azure OpenAI Service for seamless communication through voice, web, and SMS.

Iris aims to provide rapid responses to patient inquiries, alleviate staff burdens, and increase patient acquisition by offering self-service options. It can also connect patients to live agents when necessary, ensuring a comprehensive user experience.

With over 10,000 healthcare organizations using its solutions, TeleVox continues to lead in omnichannel patient communication, reinforcing its mission to drive revenue while enhancing care continuity.

Cengage Group, a global edtech company, announced a definitive agreement with Apollo Funds to purchase $500 million of convertible preferred stock. The transaction is set to close by June 30, 2023, contingent on customary conditions. CEO Michael E. Hansen stated this investment reflects confidence in their performance and strategy, allowing Cengage to reduce debt and invest in growth initiatives. Apollo's experience in the education sector is expected to enhance Cengage's transformation from print to digital offerings. Recent developments include acquiring Infosec for cybersecurity education and launching Ready to Hire, aimed at addressing skilled labor gaps. This funding is pivotal for Cengage to support education for employment and skill development.

Apollo has announced the opening of a new office in London, enhancing its presence in Europe and supporting its global growth strategy. The new location at 1 Soho Place spans 88,000 square feet and will consolidate teams from previous offices. This modern workplace is designed to foster collaboration, featuring dedicated client spaces and amenities such as a coffee bar, dining area, and fitness center. With nearly 400 employees in Europe, Apollo manages about $548 billion in total capital, with a significant portion of that attributed to its European operations. This expansion emphasizes Apollo’s commitment to delivering comprehensive asset management and retirement services across the region.

Apollo has announced achieving over $1 billion in diverse spending across its funds' private equity portfolio as part of its Supplier Diversity Program, marking a significant milestone. This achievement is expected to impact the economic landscape positively by contributing to a more inclusive economy. Apollo has set a new target of $2 billion in diverse spending by 2025. The initiative emphasizes partnerships with minority- and women-owned businesses and has received strong support from portfolio companies such as ADT, Novolex, and Yahoo. Apollo aims to expand its supplier diversity efforts, hosting a Supplier Diversity Summit in collaboration with Ariel Alternatives, and increasing the supplier pool for long-term economic opportunities. As of December 31, 2022, Apollo manages approximately $548 billion in assets.

Apollo (NYSE: APO) will announce its financial results for Q1 2023 on May 9, 2023, before market opening. The management team will discuss these results during a webcast at 8:30 am ET, accessible through their Investor Relations website.

As of December 31, 2022, Apollo manages approximately $548 billion in assets. The company focuses on delivering excess returns across the risk-reward spectrum, emphasizing yield, hybrid, and equity investment strategies. Additionally, through Athene, Apollo offers retirement savings products and solutions aimed at financial security for clients.