Apollo Global Mgmt Inc Stock Price, News & Analysis

State Street Global Advisors has launched the State Street Target Retirement IndexPlus Strategy, a new investment solution combining public and private market exposures for defined contribution plans. The strategy allocates 90% to public markets through State Street-managed index strategies and 10% to private markets via Apollo-managed pooled investments.

The strategy will be managed by State Street's Investment Solutions Group, which oversees more than $200 billion in global target-date assets. This innovative approach aims to provide retirement savers with enhanced diversification opportunities through private market access.

This launch represents the second major milestone for State Street's retirement strategies in 2025, following the announcement that IncomeWise™ and related custom target-date strategies have accumulated over $20 billion in committed assets.

Apollo (NYSE: APO) has scheduled the release of its first quarter 2025 financial results on Friday, May 2, 2025, before the New York Stock Exchange opens for trading. The company will host a management review of the financial results via a public webcast at 8:30 am ET.

The webcast will be accessible through Apollo's Investor Relations website at ir.apollo.com, with a replay available one hour after the event. Interested parties can register for company updates and earnings releases through Apollo's website and email distribution list.

Doral Renewables, a major renewable energy developer, has appointed former Indiana Governor Eric J. Holcomb to its board of directors. The company operates a 14 GW development portfolio, including the notable 1.3 GW Mammoth Solar project in Indiana and 1.2 GW Vista Sands Solar in Wisconsin, collectively powering 500,000 Midwestern households.

The Mammoth Solar project significantly impacts Indiana's economy by using 20,000 tons of local steel and contributing over $40 million to local municipalities through taxes and development payments. The company implements innovative dual-use practices, combining solar energy with agriculture, currently supporting 2,000 livestock grazing and food crop cultivation within the project area.

Doral Renewables operates in 20 states across seven electricity markets, with 400 MW currently operational and 950 MW under construction. The company has secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers.

PR Webinar Announcement: An exclusive webinar titled 'Beyond the Blast – How to Pitch with Purpose and Build Lasting Media Relationships' is scheduled for March 25, 2025, from 12:30pm-1:30pm ET. Award-winning PR strategist Barbara Nonas will lead the session, addressing the critical issue that nearly 75% of journalists find most inbox pitches irrelevant.

The webinar aims to teach attendees how to:

• Avoid common pitching mistakes
• Build credibility with journalists
• Improve response rates through value demonstration

Nonas brings over 20 years of experience, including her role at Digitas where she secured 1,000+ media placements and launched the NewFronts digital content marketplace.

Apollo (NYSE: APO) has announced its funds will acquire a majority stake in OEG Energy Group, a leading offshore energy solutions provider, in a deal valuing the company at over $1 billion. Oaktree Capital Management will retain a minority stake.

OEG operates one of the world's largest fleets of cargo carrying units (CCUs), with over 75,000 units serving offshore energy installations. The company provides services to both oil & gas and wind sectors, with a dedicated Renewables segment focusing on offshore wind technical solutions.

The transaction is expected to close in Q2 2025, subject to regulatory approvals. Apollo's funds have committed approximately $58 billion to climate and energy transition-related investments over the past five years.

West Technology Group has announced a definitive agreement to sell its Notified business to Equiniti (EQ) for $534.5 million, which includes an $80 million earnout. The transaction is expected to close in Q2 2025.

Notified is a global technology and services provider specializing in corporate communications, including investor relations, public relations, and corporate communications solutions. The company offers services ranging from IR websites and shareholder communications to marketing and regulatory press release distribution through GlobeNewswire®.

West plans to use the net proceeds from the sale in accordance with its credit facility and outstanding notes indentures. RBC Capital Markets and Brownstein Hyatt Farber Schreck, LLP served as financial and legal advisors respectively for the transaction.

Motive Partners and Apollo (NYSE: APO) have announced the launch of Lyra Client Solutions Holdings, , a spin-out from Apollo's client services division. The new venture aims to provide comprehensive client-servicing solutions with enhanced technology and operations capabilities for institutional and wealth channels.

Both companies have invested capital to support the establishment and commercialization of Lyra, which offers scalable services including pre-trade, onboarding, and post-trade capabilities. Eileen Sivolella, former Managing Director and Global CFO of Advent International, has joined as Board Chair and Independent Director.

The launch responds to rapid growth in private markets driven by product innovation, shifting portfolio allocations, and an expanding investor base. Lyra's technology-enabled platform aims to help alternative asset managers maintain operational excellence while managing cost and efficiency pressures.

Notified is hosting a webinar on March 12, 2025, focused on leveraging data for investor relations (IR) strategy. The one-hour session, scheduled from 11am-12pm ET, will explore how IR professionals can extract insights from earnings calls, websites, and press releases to build data-driven programs.

The webinar features notable speakers including Erik Carlson, COO of Notified, who brings over a decade of private equity experience; Glenn Schulman, Founder of Z3 BioCommunication with 20+ years in biotech IR; Amanda Tang, Head of IR at TMX Group; and moderator Laurie Havelock, Editor at IR Impact.

The session aims to help IR teams optimize investor engagement and enhance decision-making in today's evolving market landscape.

GFL Environmental Inc. (NYSE: GFL) has announced the sale of its Environmental Services business to Apollo (NYSE: APO) and BC Partners funds for $8 billion. The transaction structure allows GFL to maintain a 44% equity interest, while Apollo Funds and BC Funds will each hold 28%.

The proceeds will be strategically allocated to:

• Debt repayment
• Up to $2.25 billion for share repurchases
• Transaction fees and general corporate purposes

This strategic move enables GFL, North America's fourth-largest diversified environmental services company, to accelerate its balance sheet deleveraging toward investment grade levels, pursue organic growth initiatives, and implement solid waste M&A opportunities. The company also plans to enhance shareholder returns through share repurchases and future dividend increases.