Welcome to our dedicated page for Apollo Global Mgmt news (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Mgmt stock.
Apollo Global Management, Inc. (NYSE: APO) appears frequently in financial and corporate news as a high-growth, global alternative asset manager active across credit, private equity and retirement services. Company communications describe an asset management business that seeks to provide clients excess return along the risk-reward spectrum, and a retirement services business operated through Athene Holding Ltd. that focuses on retirement savings products and institutional solutions.
News about Apollo often highlights capital solutions and transactions led by Apollo-managed funds and affiliates. Recent announcements include a multibillion-dollar capital solution for Valor Compute Infrastructure L.P. to support the acquisition and lease of data center compute infrastructure for a subsidiary of xAI Corp, as well as strategic financing for Russell Investments to refinance existing debt and extend maturities. Apollo funds have also agreed to acquire a majority stake in Prosol Group, a French fresh food retailer, and have made significant preferred equity commitments to QXO, Inc. to support acquisition strategies.
Other coverage shows Apollo’s ecosystem in action, including Stream Data Centers, a key operating platform within the Apollo ecosystem focused on wholesale data center colocation and build-to-suit facilities, and MidCap Financial, which is described as Apollo’s primary direct origination platform in the private middle market. Apollo-affiliated capital has also been involved in sports-related investments, such as a minority investment in Wrexham AFC through Apollo Sports Capital.
Investors following APO news can expect updates on capital deployments by Apollo-managed funds, financing and acquisition agreements, ratings actions referencing Apollo’s platform, preliminary performance metrics such as alternative net investment income disclosed via Form 8-K, and developments involving key platforms like Athene, MidCap Financial and Stream Data Centers. This mix of transaction announcements, financing structures and segment-related disclosures provides insight into how Apollo deploys capital and manages its alternative asset and retirement services businesses over time.
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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.
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