Apollo Global Mgmt Inc Stock Price, News & Analysis

Apollo (NYSE: APO) has appointed Shimpei Kanzaki as Managing Director and Head of Japan Global Wealth, reporting to Edward Moon, Partner and Head of Asia Pacific Global Wealth. With over 20 years of experience in alternative investments and wealth management, Kanzaki joins from KKR where he headed their wealth solutions business in Japan.

This strategic appointment follows Apollo's successful expansion in Hong Kong and Singapore, aiming to grow their presence in Japan, a key market where they plan to expand their product suite and partner with Japanese distributors across wealth channels. The firm seeks to provide Japanese investors access to private market strategies focusing on investment-grade, yield-oriented assets.

State Street Global Advisors (NYSE: STT) has launched the SPDR® SSGA Apollo IG Public & Private Credit ETF (PRIV), an actively managed ETF providing access to investment-grade private credit markets. The fund focuses on maximizing risk-adjusted returns and current income through investment-grade debt securities, combining public and private credit including asset-based finance and corporate lending.

The ETF, managed by State Street's Active Fixed Income Team, utilizes Apollo Global Securities for private credit instruments sourcing. The fund employs a risk-aware, macroeconomic approach with bottom-up security selection to construct its portfolio. Apollo reported over $220 billion of origination in 2024, with an estimated potential addressable market for private credit of $40 trillion.

Apollo (NYSE: APO) has announced its 2025 Annual Meeting of Stockholders, which will be held virtually on June 6, 2025, at 9:30 am ET.

The record date for the meeting is April 14, 2025. Details about the virtual meeting will be provided in the 2025 proxy statement.

Apollo (NYSE: APO) has announced a definitive agreement to acquire Bridge Investment Group in an all-stock transaction valued at approximately $1.5 billion. Bridge, founded in 2009, manages $50 billion in AUM and specializes in residential and industrial real estate.

The transaction terms specify that Bridge stockholders will receive 0.07081 shares of Apollo stock for each Bridge share, valued at $11.50 per share. Bridge will operate as a standalone platform within Apollo's asset management business, maintaining its brand and management team. The deal is expected to be immediately accretive to Apollo's fee-related earnings upon closing.

The acquisition will provide Apollo with immediate scale to its real estate equity platform and enhance its origination capabilities. The transaction is expected to close in Q3 2025, subject to regulatory approvals and stockholder vote. Bridge management and affiliates, owning approximately 51.4% of voting power, have agreed to vote in favor of the transaction.

InvestCloud has announced a founding partnership with Apollo (NYSE: APO) to activate the Private Markets Account Network (PMA Network). The collaboration integrates Apollo's private market model portfolios into InvestCloud's APL platform, which manages over $3 trillion in assets across nearly 10 million accounts.

The PMA Network, launched with the Private Markets Account (PMA) in December 2024, creates a unified platform combining public and private assets for wealth management. Apollo, as the founding alternative asset manager, will provide various portfolio strategies including fixed income, equity, and real asset private market solutions.

The network connects asset managers, wealth managers, intermediaries, distributors, and model creators through InvestCloud's platform, enabling broader access to private markets investments. The system aims to simplify portfolio management and enhance investment outcomes for financial advisors and their clients through a centralized point for holding, valuing, and rebalancing alternative investments.

Apollo (NYSE:APO) has announced that its managed funds have acquired a majority stake in Bold Production Services, a provider of production-linked natural gas treatment solutions. Bold operates a fleet of 700+ assets, including dehydration units, H2S treating units, and total flow coolers, serving customers in the Permian and Eagle Ford basins.

The investment aims to support Bold's growth as natural gas demand is expected to increase over the next decade, driven by power generation, LNG exports, and data centers. Bold will maintain its Houston headquarters with its current leadership team, including CEO Glen Wind. Apollo brings expertise in the natural gas value chain and has committed approximately $58 billion to climate and energy transition-related investments over the past five years.

New Catalyst Strategic Partners announced three key appointments to strengthen its investment and value creation capabilities. James Pyo joins as Portfolio Manager, bringing over a decade of asset management experience from Wafra Inc., where he specialized in strategic partnerships and GP investments. Ivaldo Basso, with 30+ years in alternative investments, joins as Operating Partner to focus on operational infrastructure development. Beth Rahn, a 15+ year private investments executive, also joins as Operating Partner to support capital formation and distribution.

The firm, which formally launched in January 2024 in strategic partnership with Apollo Global Management (NYSE: APO), focuses on providing solutions for Next Generation GPs. The new team members will enhance New Catalyst's ability to provide strategic capital and value creation resources to partner firms.

Apollo Global Management (NYSE: APO) has reported its Q4 and full year 2024 results, marking a strong performance year. The company achieved several significant milestones in 2024, including:

- Record origination activity exceeding $220 billion
- Inflows of more than $150 billion
- Assets under management surpassing $750 billion

The company declared a cash dividend of $0.4625 per share of Common Stock for Q4 2024, payable on February 28, 2025, to holders of record as of February 18, 2025. Additionally, a cash dividend of $0.8438 per share of Mandatory Convertible Preferred Stock was declared, payable on April 30, 2025, to holders of record as of April 15, 2025.

Apollo (NYSE: APO) has announced that Scott Kleinman, Co-President of Apollo Asset Management, will participate in a fireside chat at the Bank of America Securities Financial Services Conference. The event is scheduled for Tuesday, February 11, 2025, at 8:50 am ET.

Investors and interested parties can access a live webcast of the presentation through Apollo's Investor Relations website at ir.apollo.com. For those unable to attend the live session, a replay will be made available shortly after the event concludes.