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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.
The Apollo Opportunity Foundation announced grants totaling nearly $3 million to 11 nonprofit organizations focused on expanding economic opportunities for underrepresented individuals. Launched in February 2022 with over $100 million set for investment over a decade, the Foundation is employee-driven, reflecting Apollo's commitment to community engagement. The selected organizations focus on career education, workforce development, and economic empowerment. CEO Marc Rowan emphasized the importance of these grants in fostering positive change. Apollo's efforts also include ongoing employee support and an evaluation process for future grant recipients.
Apollo (NYSE: APO) announced that Jim Zelter, Co-President of Apollo Asset Management, will participate in an analyst-led fireside chat at the Bank of America Financial Services Conference on February 15, 2023, at 12:50 pm ET.
A live webcast will be available on Apollo’s Investor Relations website, with a replay for those unable to listen live. Apollo is a global alternative asset manager with approximately $523 billion of assets under management as of September 30, 2022. The firm focuses on providing clients with innovative capital solutions and a range of investment strategies.
Apollo (NYSE: APO) has announced that its Chief Financial Officer, Martin Kelly, will participate in the Credit Suisse 24th Annual Financial Services Forum on February 13, 2023, at 4:20 PM ET. A live webcast will be available on Apollo’s Investor Relations website for those interested in the event. Apollo is a leading alternative asset manager, managing approximately $523 billion in assets as of September 30, 2022. The firm focuses on delivering excess returns across various investment strategies and providing innovative capital solutions. More information can be found on their official website.
West Technology Group, formerly known as Intrado Corporation, has completed the sale of its Safety business to Stonepeak for $2.4 billion. The transaction marks a significant strategic move for West, allowing it to focus on its remaining assets, which include TeleVox, SchoolMessenger, Notified, and Mosaicx. West's CEO, John Shlonsky, expressed confidence in Stonepeak as the right partner for future growth. RBC Capital Markets acted as the lead financial advisor for this deal. Moving forward, West aims to enhance its market position with its remaining industry-leading solutions.
Total Operations and Production Services (TOPS) announced the retirement of Founder and CEO L.D. Green, who will transition to Chairman of the Board. Brian Green, previously Chief Operating Officer, will succeed him. Under L.D. Green’s leadership since 1996, TOPS has become a leader in environmentally friendly, electric-drive compressors in the Permian Basin, aiding in emissions reductions. Brian Green expressed enthusiasm for continuing TOPS' growth amid increasing demand for its services. Apollo's Scott Browning praised TOPS' performance and Brian's role in its growth.
Apollo (NYSE: APO) will announce its financial results for Q4 and full year 2022 on February 9, 2023, before NYSE trading opens. A management webcast is scheduled for 8:30 am ET to discuss these results, available on Apollo's Investor Relations website. Apollo is a leading alternative asset manager with approximately $523 billion in assets under management as of September 30, 2022. The company focuses on diverse strategies including yield, hybrid, and equity investments to help clients achieve financial success.
Apollo Global Management (NYSE: APO) has appointed Tatsuo Tanaka as Japan Chair, enhancing its growth strategy in the Japanese market. Tanaka brings over 50 years of banking experience, previously serving in senior roles at major institutions like MUFG Bank and Citigroup Japan. This appointment aims to address the demand for fixed income replacement and alternative investments in Japan. Earlier, Apollo secured a $1.5 billion commitment from Sumitomo Mitsui Trust Holdings to invest in alternative assets, highlighting its focus on expanding asset management and retirement services in the region.
Apollo has announced a significant investment in WEC Energy Group by acquiring approximately $200 million of senior secured notes from its subsidiary, WEC Infrastructure Wind Holding II LLC. These funds will support the Tatanka Ridge and Jayhawk wind farms, which generate a total of 340 megawatts of renewable energy under long-term Power Purchase Agreements (PPAs). This investment aligns with Apollo's commitment to sustainability and its strategy in private fixed income assets.
Shutterfly has revealed its annual holiday survey results, highlighting consumer trends amid rising inflation. Notably, 64% of Americans are worried about holiday budgets. Shutterfly is positioned to offer affordable personalized gifts, with items starting at
Apollo Global Management (NYSE: APO) announced the appointment of Shawn T. Wooden as Partner and Chief Public Pension Strategist within its Institutional Client & Product Solutions group. Wooden, set to retire as Connecticut's State Treasurer in January 2023, will deepen Apollo's connections with public pension plans while enhancing product offerings. Apollo values public pension funds as key partners, expecting Wooden's extensive experience and relationships to contribute significantly to tailored investment solutions. As of September 30, 2022, Apollo managed approximately $523 billion in assets.
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