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Apollo Global Management

Apollo Global Management

Apollo Global Management is an American private equity firm.

Overview

Apollo Global Management, Inc. is a high-growth, global alternative asset manager. With a focus on three business strategies—yield, hybrid and equity—Apollo serves the retirement income and financial return needs of their clients and offers innovative capital solutions to businesses. The company trades on the New York Stock Exchange (NYSE) under ticker APO. Apollo had its Initial Public Offering (IPO) on March 30, 2011.

Apollo Global Management was founded in 1990 by Josh Harris, Leon Black, and Marc Rowan and is headquartered in New York City. Marc Rowan is the CEO and Josh Harris is on the board and the executive committee. Leon Black stepped down as CEO and chairman in 2021, but still owns approximately 23 percent of Apollo. As of December 31, 2021, Apollo had approximately $498 billion of assets under management.

Apollo - Athene Merger

In March 2021, Apollo Global Management announced plans to merge with Athene Holding in an $11 billion all-stock deal. The two companies announced the completion of the merger on January 2, 2022.

As a result of the merger, the combined entity Apollo Global Management, Inc. now has two principal subsidiaries: Apollo Asset Management (formerly Apollo Global Management, Inc.), its alternative asset management business, and Athene, its retirement services business.

Yield

Apollo's Yield business helps companies access flexible, low-cost capital solutions to fund growth. Apollo's expertise includes corporate fixed income, direct lending, structured credit, and commercial real estate debt. Apollo’s Yield business is its largest asset management segment by Assets Under Management (AUM), with $351 billion as of September 30, 2021.

Hybrid

Apollo’s Hybrid strategies bring together debt and equity capabilities to provide companies, financial sponsors, and intermediaries with creative, expedient, and scaled capital solutions. Apollo's Hybrid strategies invest in all market environments. Apollo's Hybrid Assets Under Management (AUM) is $47 billion as of September 30, 2021.

Equity

Apollo’s Equity franchise supports management teams, business transformation, and growth under Apollo funds’ ownership, with strategies spanning traditional private equity, real estate, and impact investing. Apollo's Equity Assets Under Management (AUM) is $83 billion as of September 30, 2021.

Timeline

January 2, 2022
Apollo Global Management and Athene complete their merger.
March 9, 2021
Apollo Global Management announces it set to acquire Athene Holding.
May 2020
Apollo Global Management reports a loss of $ 2.3 billion.
March 30, 2011
Apollo shares began trading on the New York Stock Exchange on March 30, 2011, under the symbol “APO.”

Acquisitions

Patents

Further Resources

Title
Author
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Date

News

Title
Author
Date
Publisher
Description
Kirsten Korosec
September 6, 2021
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Before [...]
Patrick O'Donnell
August 23, 2021
Express.co.uk
SAINSBURY'S has seen its shares rise by more than eight percent following reports that Apollo Global Management is considering a takeover bid of the supermarket.
Tony Zerucha
July 29, 2021
Crowdfund Insider
Click HERE to find out ⭐ Figure Completes $200M Series D. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Graeme Wearden
July 20, 2021
the Guardian
Skyscrapers in the Shinjuku shopping and business district in Tokyo. Photograph: Kiichiro Sato/AP
Staff and agency
July 20, 2021
the Guardian
Move by US private equity firm reduces chance of takeover battle for UK supermarket group
SHOW MORE

References

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