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Apollo Global Management, Inc. - APO STOCK NEWS

Welcome to our dedicated page for Apollo Global Management news (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Management stock.

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.

News

Altius Renewable Royalties Announces New US$30 Million Investment with Apex Clean Energy

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Altius Renewable Royalties (ARR) reports a $30 million royalty investment by Great Bay Renewables in Apex Clean Energy's Angelo Solar project. The project is expected to be operational in May 2024 and will be sold to Meta under an environmental attribute purchase agreement.
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SunPower Secures More Than $300M in Project Financing Commitments for Industry-Leading Residential Solar and Storage Lease Programs

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SunPower Corp secures over $300 million in project financing commitments to expand residential solar and storage lease programs. The company aims to offer diverse financing options to customers, enhancing access to clean energy solutions.
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Apollo to Present at the UBS Financial Services Conference 2024

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Apollo (APO) to present at UBS Financial Services Conference. Jim Zelter, Co-President of Apollo Asset Management, to participate in a fireside chat on February 26, 2024. Live webcast and replay available on Apollo's Investor Relations website.
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New Fortress Energy Completes Sale of Stake in Energos Infrastructure

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New Fortress Energy Inc. (NFE) sells a 20% stake in Energos Infrastructure to Apollo Funds, using the net proceeds to repay debt and invest in downstream projects. NFE continues to partner with Energos for LNG vessel charters, supporting growth at downstream terminals.
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Apollo to Present at the Bank of America Securities 2024 Financial Services Conference

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Apollo's Chief Financial Officer to participate in a fireside chat at the Bank of America Securities Financial Services Conference on February 22, 2024.
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Apollo Names Industry Veteran Harry Seekings Co-Head of Infrastructure

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Apollo (APO) appoints Harry Seekings as Co-Head of Infrastructure, bringing over 25 years of industry experience to drive growth in mid-market infrastructure assets. Seekings' proven track record and expertise in managing transnational teams will play a crucial role in Apollo's continued success in the Infrastructure sector.
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Apollo Reports Fourth Quarter and Full Year 2023 Results

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Apollo Global Management, Inc. (APO) reported exceptional results for the fourth quarter and full year ended December 31, 2023, with Fee and Spread Related Earnings growth exceeding 25% and nearly $160 billion of inflows. The company declared a cash dividend of $0.43 per share of its Common Stock for the fourth quarter and a cash dividend of $0.8438 per share of its Mandatory Convertible Preferred Stock. Apollo will host a public audio webcast to review its financial results on February 8, 2024.
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25madison and Apollo Funds Launch 25m Evolve, an Enterprise Software Venture Studio Focused on AI-Native Applications

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25madison and Apollo (NYSE: APO) have announced the launch of 25m Evolve, an enterprise software venture studio dedicated to incubating AI-native applications. The venture will focus on incubating category-defining startups at the forefront of AI software development, with a focus on building bespoke tech solutions to solve the pain-points of enterprise customers. Through this partnership, 25m Evolve incubations and investments will benefit from operational expertise and capital support to rapidly deploy and scale validated AI-enabled vertical software solutions with enterprise partners.
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Apollo and Athene Announce Partnership with Top-Ranked PGA TOUR Golfer Patrick Cantlay

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Apollo (APO) announces partnership with PGA TOUR golfer Patrick Cantlay, aiming to deliver asset management and retirement services to a wide range of clients. Cantlay, ranked fifth in the Official World Golf Rankings, is an eight-time winner on the PGA TOUR and has achieved significant career milestones, including winning the 2021 FedEx Cup Championship and retaining his BMW Championship title in 2022.
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Jason Howard Launches New Catalyst Strategic Partners

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New Catalyst Strategic Partners (New Catalyst) has been launched with support from and in strategic partnership with Apollo (NYSE: APO). The firm provides seed and growth capital to emerging, developing, and diverse firms, focusing on Next Generation GPs led by experienced investors. New Catalyst offers various solutions, including seeding new private market firms, acceleration capital for existing private market firms, co-sponsoring company acquisitions, and providing catalytic growth capital for launching new investment strategies. The firm aims to serve as a catalyst for the industry by providing resources, advice, and bespoke solutions to foster innovation and growth. With a founding support from Apollo, New Catalyst is committed to providing day-one capital and support to its partner firms to fuel innovation and provide differentiated strategies while helping more GPs succeed.
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FAQ

What is the current stock price of Apollo Global Management (APO)?

The current stock price of Apollo Global Management (APO) is $167.56 as of November 22, 2024.

What is the market cap of Apollo Global Management (APO)?

The market cap of Apollo Global Management (APO) is approximately 95.5B.

What does Apollo Global Management do?

Apollo Global Management specializes in managing investments in private equity, credit, and real estate. They also manage retirement services through Athene.

How much in assets does Apollo Global Management manage?

As of December 31, 2023, Apollo manages approximately $651 billion in assets.

What sectors does Apollo Global Management invest in?

Apollo invests in various sectors including chemicals, manufacturing, natural resources, consumer services, financial services, leisure, media, and technology.

What recent partnerships has Apollo Global Management formed?

Apollo recently partnered with MassMutual, making it a minority equity owner in ATLAS SP Partners. They also entered into a strategic acquisition with Panasonic Automotive Systems Corporation.

What is a significant recent investment by Apollo Global Management?

Apollo recently acquired U.S. Silica Holdings, Inc. for $1.85 billion, further diversifying its investment portfolio.

What is Apollo Global Management's investment philosophy?

Apollo employs a contrarian, value-oriented investment approach with significant expertise in distressed assets.

What is the primary revenue segment for Apollo Global Management?

The majority of Apollo's revenue comes from its Retirement Services segment through Athene.

How does Apollo Global Management support renewable energy?

Apollo has invested in renewable energy projects, such as Great Bay Renewables’ $10.1 million facility with Hexagon Energy for solar developments.

What distinguishes Apollo Global Management from other investment managers?

Apollo's integrated business model allows for seamless capital deployment across a diverse portfolio, setting it apart from other investment managers.

How does Apollo Global Management maintain financial strength?

Apollo maintains financial strength through strategic acquisitions, partnerships, and a focus on innovative capital solutions.

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Apollo Global Management, Inc.

OTC:APO

APO Rankings

#135 Ranked by Market Cap
#1744 Ranked by Dividends

APO Stock Data

95.51B
413.52M
26.75%
62.06%
4.83%
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