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. reports news tied to its alternative asset management and retirement services businesses. Updates commonly cover operating results, dividends on common and preferred stock, assets under management, investment origination, and activity at Athene, its retirement-services subsidiary.
Company news also includes fund formation and capital raising across Apollo strategies, including hybrid value, structured equity, dislocated liquid credit, private equity, credit, and real assets. Announcements may describe investment activity across funds managed by Apollo, portfolio-company developments, governance, material agreements, and capital-structure matters.
Apollo (NYSE: APO) has appointed Carey F. Lathrop as Partner and COO of its Credit business. With over 30 years of experience in financial services, Lathrop will help scale Apollo’s global platform. The company aims to enhance its growth strategy while providing optimal experiences for clients. Apollo's Yield franchise manages approximately $376 billion in assets as of June 30, 2022, focusing on delivering diverse capital solutions across private and public markets, with annual origination of around $100 billion.
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Apollo has committed up to $300 million in a senior secured loan to Circulus Holdings to enhance its recycling infrastructure for post-consumer resin (PCR) production from low-density polyethylene (LDPE). This investment aligns with Apollo's focus on sustainable practices and the circular economy. Circulus utilizes innovative technology to convert plastics, aiming to reduce landfill waste and GHG emissions. The partnership is set to expand Circulus' operations, which currently includes two plants with additional facilities under development.
Apollo (NYSE: APO) has announced a strategic partnership with Haveli Investments, committing $500 million to support Haveli's technology-focused investment strategies. This partnership aims to leverage Apollo's resources to accelerate Haveli's growth in the technology sector. Brian Sheth, Haveli's CIO, emphasized the alignment of values between the firms, particularly in sustainability and diversity. Apollo CEO Marc Rowan noted the potential for technological advances in gaming to benefit the broader financial ecosystem. As of June 30, 2022, Apollo manages approximately $515 billion in assets.
New Fortress Energy (NASDAQ: NFE) announced the successful closing of the CELSE Power Plant sale to Eneva S.A., marking a key transaction following the initial announcement on June 1, 2022. This move, alongside Ebrasil Energia Ltda, simplifies NFE's capital structure and is aimed at achieving an investment grade credit rating. Proceeds will fund its Fast LNG program and other LNG projects globally. The sale also allows NFE to pay off debts, while Eneva will assume CELSE's obligations. Energos Infrastructure, a joint venture with Apollo (NYSE: APO), will continue operating the Golar Nanook for CELSE.
Brightspeed has launched operations following its acquisition of ILEC assets from Lumen Technologies (NYSE: LUMN) by Apollo-managed funds (NYSE: APO). It is now the fifth largest ILEC in the U.S., covering over 6.5 million locations. Brightspeed invests at least $2 billion to enhance its fiber network, targeting 1 million new fiber passings in 17 states by year-end 2023. The company aims to bridge the digital divide and improve connectivity in underserved areas, leveraging advanced technologies like XGS-PON and Wi-Fi 6.
Apollo (NYSE: APO) has acquired approximately 5% equity in Diameter Capital Partners, enhancing their strategic relationship. This $1 billion investment will support Diameter's growth in direct lending and European credit markets. Diameter, founded in 2017, manages $11 billion across various credit strategies and will reinvest proceeds to expand its offerings. Apollo sees this minority investment as part of a broader strategy to support asset managers and create diversified investment opportunities. Diameter's management will remain unchanged, maintaining their expertise in credit markets.
Apollo (NYSE: APO) is set to release its third quarter financial results on November 2, 2022, prior to the NYSE opening. The management will host a public webcast at 8:30 am ET to discuss the results. Apollo, a global alternative asset manager, currently oversees approximately $515 billion in assets. The firm focuses on delivering high returns across various strategies, including yield, hybrid, and equity. Stakeholders interested in updates can subscribe via Apollo’s website.
Stonepeak has announced an agreement to acquire Intrado's Safety business, a leader in public emergency telecommunications, for $2.4 billion. This acquisition will enhance the critical 911 infrastructure that serves millions across the U.S. and Canada, directly connecting citizens with emergency services. With its established network servicing 3.1 million wireless sites and 13,600 PSAP seats, this deal aims to bolster public safety operations. The transaction is expected to close by Q1 2023, pending regulatory approvals.
Waud Capital Partners announced the successful sale of a controlling stake in GI Alliance, valuing the company at $2.2 billion. This transaction involved a physician-led buyout facilitated by funds managed by Apollo (NYSE: APO). GIA, which has grown from 2 to 14 states since its inception in 2018, is now primarily owned by its physician partners, led by CEO James Weber. The shift aims to continue GIA's commitment to high-quality patient care while enhancing its corporate infrastructure.