Apollo Global Management (APO) Stock News, Jul-Aug 2026

Sylebra Capital Management announced the first close of its Sylebra Equity Capital Solutions Fund, securing $277 million in commitments, anchored by funds managed by Apollo (NYSE: APO). The fund targets growth private equity and bespoke equity capital solutions for small- and mid-cap technology and technology-enabled companies globally.

The firm aims for a final close by the first half of 2027. In conjunction with the close, Sylebra appointed Karan Saraf as Partner to help lead global investing for the fund, which will be overseen by Founder and CIO Dan Gibson from Sylebra’s Palo Alto headquarters.

Apollo Global Management (NYSE: APO) reported results for the second quarter ended June 30, 2026. CEO Marc Rowan said the quarter reflected record earnings across Asset Management and Retirement Services, citing the firm’s scale and origination capabilities in evolving private markets.

Apollo declared a cash dividend of $0.5625 per common share for the second quarter, payable on August 31, 2026 to shareholders of record on August 19, 2026. The company will review its results on an August 4, 2026 webcast, with a replay available via its investor relations website.

Apollo (NYSE: APO) announced that Apollo-managed funds have acquired Maverick Water Group, a Houston-based developer, owner and operator of alternative non-potable water systems across Texas, from funds managed by Crosstimbers Capital Group. Maverick’s management team will retain a minority stake and continue to operate the company.

Founded in 2018, Maverick partners with real estate development and industrial customers to deliver reliable non-potable water supply. According to Apollo, the backing of Apollo Funds is intended to help Maverick scale its platform and pursue a significant near-term project pipeline to meet growing demand for efficient, sustainable water infrastructure. Apollo Funds report having deployed more than $130 billion in infrastructure and related investments over the past five years.

Apollo Global Management (NYSE: APO) has selected Austin, Texas as a strategic growth hub focused on innovation, emerging technology and the firm’s next phase of development. The office, led by Eric Needleman and Mike Downing, will incubate new businesses across Apollo’s asset management and retirement solutions platform and advance its technology and operations.

Texas is already one of Apollo’s top five capital bases, and the firm plans to deepen relationships with innovative companies in the state. Apollo’s global headquarters will remain in New York, and the firm reported approximately $1.03 trillion in assets under management as of March 31, 2026.

Altius Minerals (TSX: ALS, OTCQX: ATUSF) closed a tripartite transaction that increases its effective ownership in Great Bay Renewable Holdings I and II (GBR) from 29% to 50%. Funds managed by Apollo (NYSE: APO) sold their GBR membership interests to Northampton Capital Partners for about US$390 million, and Northampton concurrently sold its interest in Altius Renewable Royalties Corp. to Altius for about US$168 million. As a result, GBR is now owned 50/50 by Altius and Northampton, with Apollo funds exiting.

From Q3 2026, Altius will record its 50% proportionate share of GBR revenues and expenses. Altius also amended its credit facility on July 24, 2026, increasing capacity from C$225 million to C$350 million, converting prior term and revolving tranches into a single revolving facility with no principal repayments and extending maturity from August 2028 to July 2030. The outstanding debt of about C$87 million was moved into the new facility, which bears variable interest with pricing tied to total net debt ratio, and is available for qualifying royalty, streaming and other investments. After the amendment, Altius drew down C$100 million to fund the GBR transaction.

Apollo (NYSE: APO) announced that its outstanding 6.75% Series A Mandatory Convertible Preferred Stock will automatically convert into common stock on July 31, 2026. Each preferred share will convert into 0.5074 Apollo common shares, with cash paid instead of any fractional common shares. Holders of record as of July 15, 2026 will receive a final quarterly cash dividend of $0.8438 per preferred share, payable on the conversion date, according to Apollo.

CAIS, an alternative investment platform for independent financial advisors, announced a $170 million Series D led by Vista Equity Partners, with participation from AllianceBernstein (NYSE: AB), Blue Owl (NYSE: OWL), Carlyle (NASDAQ: CG), Fortress, Golub Capital, Lord Abbett, RBC and others. The round values CAIS at over $2 billion and lifts total capital raised to nearly $600 million, alongside a reported 3‑year organic revenue CAGR of 37%.

CAIS reports serving 2,500+ wealth firms and 65,000+ advisors overseeing about $8.5 trillion in client assets. In 1H 2026, transaction volume rose 53% year over year and total platform assets increased 55%, with 60% higher transaction volume among existing firms. Since 2025, CAIS has added 425+ new RIAs and independent broker‑dealers representing $1.8 trillion in assets and released 150+ new technology features in 1H 2026. Advisor Net Promoter Score reached 74, and the company highlights growing AI capabilities, deeper integrations with major custodians, and expanded education initiatives as it enters its “next chapter of growth.”

Apollo (NYSE: APO) announced that Apollo-managed funds and affiliates have agreed to invest $1.5 billion in Keppel’s Keppel Offshore Fund, LP, which will hold a portfolio of offshore energy assets managed by Keppel. Keppel, a Singapore-based global asset manager and operator, oversees S$95 billion in funds under management.

The transaction is described as investment grade and among the first of its kind in Southeast Asia, targeting a growing regional offshore energy market. Apollo noted that it has originated over $100 billion of bespoke capital solutions since 2020. The deal is subject to customary closing conditions, including regulatory approvals, with SMBC Group entities advising on debt and placement and multiple law firms serving as counsel to the parties.

Bridge Logistics Properties (symbol advisory: APO) acquired a 782,775-square-foot, Class A distribution facility at 6920 192nd Street in Frederickson, Washington, marking its largest Seattle-Tacoma market transaction and expanding its Pacific Northwest industrial footprint.

Completed in 2024, the property is fully leased on a long-term basis to Harbor Freight Tools as a regional distribution center supporting more than 1,600 stores. The 53.3-acre site lies about 17 miles from the Port of Tacoma and is expected to benefit from the planned SR 167 extension by 2030. According to Bridge Logistics Properties, the asset features 40-foot clear heights, a cross-dock layout with 152 dock-high and 4 grade-level doors, large truck courts, 476 trailer stalls, 262 auto spaces, 4,000 amps of expandable power, ESFR sprinklers, and separate truck/auto entrances. The facility is part of Panattoni’s Fred310 industrial development in a constrained supply market where under-construction inventory has fallen more than 60% year-over-year.