Corporate Moves
Apollo to Take Stake in Abu Dhabi’s Mubadala Capital
As part of the deal, the affiliate of the Abu Dhabi government’s sovereign fund will receive $5 billion in commitments for alternative strategies.
Tag: Apollo
Newsmakers
Apollo Investor Relations MD Moves to AEA Investors
Adam Biren will lead the firm’s capital formation efforts and limited partner relationships.
Newsmakers
Athene Elevates Matthew Michelini to President
Apollo’s head of Asia-Pacific steps up at the asset manager’s insurance affiliate.
Corporate Moves
Apollo Plans Daily Pricing for Private Credit Funds
The manager with $834 billion in credit AUM seeks to provide greater transparency across its portfolio by September, according to an earnings call.
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.
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.
Asset Allocation
Private Equity Firms? More Like Private Debt Providers
Lending occupies more and more of PE companies’ attention, per a new PitchBook Report.
Risk
Private Credit Not Likely to Run Out of Capital, per Report
The loans yield around 10% yearly, a big enticement to investors, and borrower demand is high, according to Turning Rock Partners.
Corporate Moves
Ackman Firm’s Projected Market Cap Is $10 billion
His Pershing Square plans a 2025 IPO, and recently sold a 10% stake worth $1 billion.
Pensions
Lockheed Martin Sued Over Pension Risk Transfer With Athene
The plaintiffs allege Lockheed did not choose the safest annuity provider after AT&T was sued earlier in the week for making a similar deal with Athene.
Risk
Possible IPO Stars for 2024: Private Equity Firms
Amid encouraging market performances of other public buyout companies, expect a spate of PE operators to go public, says PitchBook.
Why Private Credit Is So Darn Popular
Yields are high, and well-fixed institutions back them, but what happens in a recession?
Pensions
How Private Equity Firms Can Protect ‘Treasure Trove’ From Digital Threats
With risks everywhere, responsibility for cybersecurity can be shared between financial services firms and their portfolio companies.
Pension Risk Transfers: What to Watch Out For
Will the PRT be financially solid? Will the sponsor be left worse off? How will transferred beneficiaries fare?
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.