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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

Apollo’s ATLAS SP Announces Investment from MassMutual

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Apollo and MassMutual announced that MassMutual has become a minority equity owner in ATLAS SP Partners and a capital partner to the ATLAS platform. MassMutual's multi-billion-dollar investment will allow access to investment-grade asset-backed credit originated by ATLAS SP and across the broader Apollo ecosystem. The partnership aims to provide warehousing and investment-grade asset-backed solutions to ATLAS SP's financing clients. This strategic move reinforces MassMutual's commitment to generating additional earnings for policyowners and customers.
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Apollo Funds Announce Strategic Partnership with Panasonic Automotive Systems, a Leading Global Supplier of Advanced In-Vehicle Technologies

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Apollo Funds to acquire a majority stake in Panasonic Automotive Systems from Panasonic Holdings in a transaction valued at ¥311 billion. Panasonic will retain a minority stake, maintaining a strategic relationship. The deal aims to accelerate growth and leverage Apollo's expertise in the automotive sector.
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Altius Renewable Royalties Announces New MISO Interconnection Deposit Facility to Support Development Partner Hexagon Energy

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Altius Renewable Royalties (TSX:ARR) reports its joint venture, Great Bay Renewables, has entered into a $10.1 million interconnection support facility to assist Hexagon Energy. The facility will fund interconnection deposits for six solar projects, part of Hexagon's 7.0 GW portfolio, with Great Bay receiving future royalties.
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Apollo to Announce First Quarter 2024 Financial Results on May 2, 2024

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Apollo (APO) to release Q1 2024 financial results on May 2, 2024. Management to review results via webcast at 8:30 am ET. Earnings releases distributed through website and email lists.
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Apollo Funds Agree to Sell 28.4% Stake in Vallourec to ArcelorMittal

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Apollo-managed Funds have agreed to sell 65.2 million shares in Vallourec SA to ArcelorMittal for €14.64 per share, marking a 28.4% equity interest and a total transaction value of approximately €955 million. The sale signifies Apollo Funds' exit from the investment after achieving record profitability and operational transformation under Philippe Guillemot's leadership.
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Apollo Names Chris McIntyre Global Head of the Institutional Client Group

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Apollo Global Management, Inc. appoints Chris McIntyre as Partner, Global Head of the Institutional Client Group, with a focus on managing institutional distribution channels. McIntyre's expertise in private markets and deep relationships are expected to enhance Apollo's investment solutions. Apollo achieved $45 billion in third-party inflows in 2023.
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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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FAQ

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

The current stock price of Apollo Global Management (APO) is $174.85 as of December 24, 2024.

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

The market cap of Apollo Global Management (APO) is approximately 98.9B.

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.

NYSE:APO

APO Rankings

#124 Ranked by Market Cap
#1797 Ranked by Dividends

APO Stock Data

98.93B
414.39M
26.66%
61.49%
4.8%
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