Apollo is a high-growth alternative asset manager. The company was founded by Marc . Apollo Global Management Inc. Cl A Company & People | APO1 | Barron's [7][8], In September 2004, investment funds managed by Apollo and Sterling Partners acquired Connections Academy. The founders of Apollo are Leon Black, Josh Harris, and Mark Rowan. Learn more about our history. [119], In June 2016, funds managed by Apollo Global Management acquired Diamond Resorts International. As the United States housing market correction accelerated in 2008, Realogy faced financial pressures due to its debt load. [23], In 1995, Apollo raised its third private-equity fund, Apollo Investment Fund III, with $1.5 billion of investor commitments from investors that included CalPERS and the General Motors pension fund. [8] It was a Guernsey-domiciled publicly traded, private-equity closed-end, limited partnership, managed by Apollo Alternative Assets, an affiliate of Apollo Management. In May 2008, Verso became a public company via an IPO.[60][61]. [157][158][159][160], In February 2020, investment funds managed by Apollo acquired Covis from Cerberus Capital Management. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. We are committed to expanding opportunities across every corner of our ecosystem the workplace, marketplace, and communities in which we operate and across all forms of diversity. Apollo is headquartered in the Solow Building at 9 West 57th Street in New York City,[1] with offices across North America, Europe, and Asia. We have a value-oriented approach across private equity, credit, and real estate. Learn how Apollo is helping to drive a more sustainable future by supporting the growth of FlexGen. #1-Ranked Industry Analyst Patrick Moorhead dives into Dell' APEX Managed Device Services for flexible IT device management. The fund, ACT Capital, is part of the $50 billion sustainable investment target Apollo set for itself last year. It operates through the following segments: Credit, Private Equity, and Real Assets. [19], Apollo acquired interests in companies that Drexel had helped finance by purchasing high-yield bonds from failed savings and loans and insurance companies. [89][90], In December 2008, Apollo completed fundraising for its latest fund, Apollo Investment Fund VII, with roughly $14.7 billion of investor commitments. Our breadth and scale enable us to deliver capital for even the largest projects and our small firm mindset ensures we will be a thoughtful and dedicated partner to these organizations. [170][171][172], In April 2021, Apollo launched Apollo Origination Partnership, a $1.8 billion direct-lending fund seeking unlevered returns of 8-10% and 12-14% leveraged returns. But, perhaps the real lead example of insurance related investment float accumulation is Apollo Global Management, Inc. Apollo has hit a new high of $414 billion of assets under its management in . Constellis is a private military contractor that was created as a result of a merger between rival contractors Triple Canopy and Academi in 2014. Tronox was spun out of Kerr-McGee Corp in 2005, and in 2019 it acquired the titanium dioxide business of Saudi Arabia's National Titanium Dioxide Company Ltd from Saudi Arabia's Tasnee. Apollo Global Management Inc. and BlackRock Inc. were lined up to back PNC Financial Services Group Inc.'s ultimately unsuccessful pursuit of troubled First Republic Bank, according to people . Business data for Apollo Global Management, LLC: This page was last edited on 21 April 2023, at 19:40. Apollo Global Management, Inc. 2023 All Rights Reserved. [10], Lion Advisors (or Lion Capital) was founded in 1990 to provide investment services to Credit Lyonnais and foreign institutions, seeking to profit from depressed prices in the high-yield market. The FCC required Apollo to reduce the daily newspapers to three days or sell them. [148], In February 2019, Apollo acquired Aspen Insurance for $2.6 billion. Noranda Aluminum includes a primary smelter and three rolling mills in Tennessee, North Carolina, and Arkansas along with other operations. Apollo's Lottomatica to Take IPO Orders as Soon as This Week It operates through the following segments: Credit, Private Equity, and Real Assets. [183][184], In January 2022, Apollo acquired Athene, a retirement services business. [182], In September 2021, investment funds managed by Apollo acquired 90% of Yahoo!. [146] On June 26, 2019, Cox announced that its 60 radio stations, as well as its national advertising business CoxReps, and local OTT advertising agency Gamut, would also be acquired by the new company, which concurrently announced that it would retain the Cox Media Group name instead of Terrier Media. Although the founders of Ares had completed a corporate spin-off with the formation of the firm in 1997, they had initially maintained a close relationship with Apollo and operated as the West Coast affiliate of Apollo.
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