Apollo Global Mgmt Inc Stock Price, News & Analysis

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.

Apollo (NYSE: APO) has launched Apollo Allocation Pro, a new portfolio construction tool designed for financial advisors to explore alternative investment strategies, particularly in private markets. The platform builds upon the firm's Apollo Academy, an educational initiative launched in September 2022 that offers various resources including CE-credit courses, white papers, and podcasts.

The tool, developed in partnership with iCapital, features interactive portfolio design capabilities allowing advisors to create and model portfolio allocations combining alternatives with traditional public market indices. It provides access to 17 different indices and enables customization based on varying risk tolerance levels.

This launch represents Apollo's continued commitment to enhancing access to alternatives and supporting financial intermediaries with educational resources for integrating private markets into client portfolios.

Apollo (NYSE: APO) has announced its participation in the upcoming UBS Financial Services Conference. The company's Chief Financial Officer, Martin Kelly, will engage in a fireside chat scheduled for Monday, February 10, 2025, at 9:40 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 on the same platform shortly after the event concludes.

Apollo (NYSE: APO) has announced a USD $500 million investment in Subordinated Notes issued by Aldar Properties, marking one of Abu Dhabi's largest corporate hybrid private placements. This transaction brings Apollo's total investment in Aldar to approximately USD $1.9 billion across four transactions since 2022.

The deal follows Apollo's August 2022 transaction where Apollo-managed funds invested USD $1.4 billion in Aldar, including a USD $400 million equity investment in Aldar Investment Properties. This latest investment strengthens Apollo's presence in Abu Dhabi and the UAE, following their November 2024 announcement of extending their multi-billion-dollar partnership with Mubadala Investment Company.

Since 2020, Apollo's High-Grade Capital Solutions strategy has originated nearly $100 billion in bespoke capital solutions for major companies including Intel, Sony, Air France, and AB InBev.

Apollo (NYSE: APO) and Securitize have announced a partnership to launch the Apollo Diversified Credit Securitize Fund (ACRED), a tokenized feeder fund providing access to Apollo Diversified Credit Fund. The fund will be available across multiple blockchain networks including Aptos, Avalanche, Ethereum, Ink, Polygon, and Solana.

ACRED represents the first on-chain product offering access to Apollo Diversified Credit Fund, a diversified global credit strategy investing in corporate direct lending, asset-backed lending, and performing, dislocated and structured credit. The fund features native redemptions at daily NAV and has secured investments from notable players including Coinbase Asset Management and Kraken.

The partnership leverages Wormhole for cross-chain interoperability, enhancing liquidity and accessibility. Qualifying investors can participate exclusively through Securitize Markets, with Securitize serving as the digital transfer agent and fund administrator.

Barnes Group (NYSE: B) has completed its previously announced acquisition by Apollo Funds in an all-cash transaction with a total enterprise value of approximately $3.6 billion. Under the terms of the agreement, Barnes shareholders will receive $47.50 per share in cash.

The transaction, announced on October 7, 2024, and approved by Barnes shareholders on January 9, 2025, marks a significant milestone for the global provider of engineered products and industrial technologies. Following the completion, Barnes' common stock has ceased trading and will be delisted from the NYSE.

The acquisition aims to accelerate Barnes' transformation strategy, enhance capabilities, and broaden product offerings. Apollo sees significant potential in Barnes' aerospace and industrial sectors portfolio, particularly noting the company's positioning to benefit from robust aerospace demand trends.

Barings and Apollo (NYSE: APO) affiliates have jointly originated a $113 million debt package to refinance the Westin Indianapolis. The financing structure includes mezzanine and senior mortgage components, with Barings funding the mezzanine portion and Apollo affiliates handling the senior portion.

The Hotel, owned by KSL Capital Partners since 2019, underwent full renovations from 2020-2022. Located in downtown Indianapolis, it features 575 guestrooms, 48,300 square feet of event space, a new food & beverage outlet, and a renovated fitness center. The property benefits from direct connectivity to the Indianapolis Convention Center and proximity to key city attractions.

This transaction adds to Barings' $23.5+ billion real estate debt platform. Eastdil Secured served as the financing advisor for the sponsorship.