Corporate Moves
Apollo to Open ‘Innovation’ Hub in Austin, Texas
The planned hub will be led by Apollo Capital Solutions’ Eric Needleman and Athene Holding’s Mike Downing.
Tag: Apollo Global Management
Corporate Moves
Apollo Acquires Stake in Welsh Soccer Club Wrexham
Actors Ryan Reynolds and Rob McElhenney will sell a minority stake in the team—popularized by a television show—to the alts manager’s sports platform.
Alternatives
Apollo to Take Majority Stake in Atlético Madrid
The alts manager joins Ares Management and Quantum Pacific as shareholders of the soccer club.
Corporate Moves
Apollo Launches Sports Investing Platform
The firm’s Apollo Sports Capital business will make commitments in sports and live events.
Newsmakers
Annika Kim Named Credit Director at TMRS
Kim joins the pension fund from Apollo Global Management, where she was a private equity associate.
Newsmakers
Athene Names Grant Kvalheim as CEO, Makes Multiple Senior Appointments
Apollo’s retirement services arm named Co-Founder, CEO and CIO Jim Belardi as executive chair and elevated Mike Downing and Sean Brennan to co-presidents of Athene USA.
Corporate Moves
Apollo Global Management Bolsters Infrastructure Portfolio
The $733 billion asset manager has signed three infrastructure deals in the first two weeks of 2025, including its recent acquisition of Argo Infrastructure.
Risk
Private Equity Ownership Degrades Health Care Quality, per Senate Report
A bipartisan Senate Budget Committee found that PE firms prioritized profits over patients.
Asset Allocation
Apollo Aims to Double AUM by 2029
During the firm’s investor day, CEO Mark Rowan laid out plans to achieve $1.5 trillion in managed assets, which include leaning into demand for private credit and retirement products.
Corporate Moves
The Evolution of Insurance in the Age of PRT
Private equity investment in the insurance industry is affecting how some view risks in the pension risk transfer market, while others say it will broaden the PRT sector’s appeal as a diversification tool.
Research
Private Credit: Fees Down, Rates Ascend
Investors in the in-vogue asset class hope that rising yields will boost their take.
Market Moves
Market With Narrow Breadth Likely to Slump, Stovall Says
Over the past three decades, reliance on a handful of big stocks (like we have now) does not end well, according to the CFRA strategist.
Pensions
PRT Sales Set New Q1 Mark at $6.3 Billion
Early data for Q2, including an $8.05 billion transfer by AT&T, keep buy-outs in 2023 far ahead of last year’s pace.
Asset Allocation
New York Common Earmarked More Than $1.1 Billion to Alts in December
The pension fund also terminated a nearly $500 million account with Rockefeller Asset Management.
Manager Selection
Former Connecticut Treasurer Named Chief Public Pension Strategist at Apollo Global Management
Shawn Wooden, outgoing treasurer of Connecticut, was named partner and chief public pension strategist at Apollo Global Management’s institutional client and product solutions group.