Core Insights - Apollo Global Management has announced key leadership changes, including the appointment of Jim Zelter as President and John Zito as Co-President of Apollo Asset Management, reflecting the company's operational expansion and growth plans [1][2][3] Leadership Changes - Jim Zelter has been appointed as President of Apollo Global Management, working closely with CEO Marc Rowan to implement a five-year strategic plan [1][3] - John Zito has been named Co-President of Apollo Asset Management, alongside Scott Kleinman, overseeing all investment activities and daily management [2][3] Strategic Vision - CEO Marc Rowan emphasized the importance of these appointments in strengthening Apollo's position in response to trends such as the convergence of public and private markets and the evolving role of financial institutions [3] - The leadership changes are part of a broader five-year plan aimed at capitalizing on emerging opportunities in the financial services sector [3] Company Overview - Apollo is a high-growth global alternative asset manager with approximately $733 billion in assets under management as of September 30, 2024 [4] - The company focuses on providing clients with excess returns across various risk-reward spectrums, including investment-grade credit and private equity [4]

Core Viewpoint - Standard Chartered has acquired a minority stake in Apterra, an Apollo platform focused on infrastructure debt origination, to enhance financing for infrastructure, clean transition, and renewable energy projects globally [1][3]. Partnership Details - The partnership aims to contribute up to US$3 billion in clean energy and transition financing across various asset classes and sectors [2]. - Standard Chartered will primarily support investment origination through Apterra, which specializes in structuring and deploying debt capital for infrastructure transactions [3][5]. Strategic Importance - The collaboration is expected to accelerate financing and investment activities in next-gen infrastructure and sustainable power, addressing the growing capital demands in these sectors [4]. - Standard Chartered's expertise in infrastructure lending, particularly in Asia, Africa, and the Middle East, complements Apollo's capabilities, enhancing the scale of financing and project participation [6][7]. Apterra's Growth - Apterra, founded in 2023, has executed over US$4.8 billion in transactions and is positioned for further growth with Standard Chartered's strategic equity support [5]. - The partnership is seen as a significant growth driver for Apollo's Clean Transition business and broader Infrastructure Credit platform [5]. Financial Context - Apollo has deployed more than US$40 billion into energy transition and climate-related investments over the past five years, indicating a strong demand for capital in these areas [4].

Core Insights - Apollo has announced an agreement to acquire Argo Infrastructure Partners, a mid-market asset manager focused on essential infrastructure assets in North America, in a stock and cash transaction [1][4] - The acquisition will add approximately $6 billion of high-quality assets to Apollo's infrastructure platform and enhance its capabilities in core and core plus infrastructure equity opportunities [1][2] Company Overview - Argo Infrastructure Partners, established in 2013, has a successful track record in sectors such as digital infrastructure, renewable energy, transportation, and utilities [2][8] - The firm manages over $6 billion in assets and focuses on delivering long-term value through responsible and sustainable investing [8] Strategic Alignment - The acquisition is expected to broaden Apollo's Sustainability & Infrastructure strategies and enhance its origination capabilities in key sectors, particularly digital infrastructure and energy transition [2][4] - Apollo's global reach and resources are seen as complementary to Argo's mission of delivering innovative investment strategies in a vital sector [3][4] Financial Impact - The transaction is anticipated to be modestly accretive to Apollo's fee-related earnings in 2026 [4] - The deal is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in the second quarter of 2025 [4]

Group 1 - Apollo Global Management LLC (APO) aims to expand its Asia wealth business in Japan by hiring ten new employees and plans to double its staffing in the region over the next two years [1][2] - The Private Wealth business, launched in 2022, has raised nearly $5 billion from wealthy investors in Asia and is expected to be a key growth driver for Apollo in Japan [1][2] - The company targets raising at least $150 billion for its global wealth business by 2029 [1] Group 2 - Japan's private equity market is experiencing significant growth, with the country accounting for 30% of total private equity deal value in the Asia-Pacific region in 2023, a substantial increase from a 7% average over the previous five years [3] - In 2023, Japan recorded a 23% year-over-year increase in deal value, totaling approximately $123 billion [3] - Factors such as improved corporate governance and a weaker yen have contributed to Japan's attractiveness for investment, coinciding with a boom in dealmaking over the past two years [4] Group 3 - Over the past six months, APO shares have increased by 36.8%, outperforming the industry average rise of 26.5% [5] - Apollo currently holds a Zacks Rank of 3 (Hold) [6]

Core Viewpoint - GFL Environmental Inc. has entered into a definitive agreement to sell its Environmental Services business for an enterprise value of $8.0 billion, retaining a $1.7 billion equity interest and expecting net cash proceeds of approximately $6.2 billion after taxes and retained equity [1][4]. Financial Impact - GFL plans to use up to $3.75 billion of the net proceeds to repay debt, with up to $2.25 billion allocated for share repurchases, subject to market conditions [2][4]. - The transaction is expected to result in a pro forma Net Leverage of 3.0x, enhancing financial flexibility and accelerating the path to an investment-grade credit rating [2][4]. - The repayment of debt is anticipated to reduce annualized cash interest expense by approximately $200 million, significantly improving free cash flow conversion [3][4]. Strategic Benefits - The sale is viewed as a testament to the quality of GFL's Environmental Services business, exceeding initial expectations [3][4]. - GFL retains an equity interest in the Environmental Services business, allowing participation in future value creation while monetizing the business in a tax-efficient manner [3][5]. - The transaction maintains synergies between GFL's Environmental Services and Solid Waste businesses, positioning GFL for future growth opportunities [4][5]. Transaction Details - GFL will retain a 44% equity interest in the Environmental Services business, while Apollo Funds and BC Partners will each hold a 28% equity interest [5]. - The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions [5][6]. - The board of directors unanimously approved the transaction based on a fairness opinion from an independent financial advisor [6].

Apollo Global Management, Inc. (APO) and its subsidiary, Athene Holding Ltd., reported preliminary estimates of the company’s alternative net investment income for the fourth quarter of 2024.Alternative net investment income is a component of spread related earnings, which is used to assess the performance of the company's Retirement Services segment.APO’s Preliminary Net Investment Income DetailsThe company estimates alternative net investment income to be nearly $265 million (pre-tax) for the fourth quart ...

NEW YORK, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the fourth quarter and full year 2024 on Tuesday, February 4, 2025, before the opening of trading on the New York Stock Exchange. Management will review Apollo’s financial results at 8:30 am ET via public webcast available on Apollo’s Investor Relations website at ir.apollo.com. A replay will be available one hour after the event. Apollo distributes its earnings releases via its website and email lists. Tho ...

NEW YORK, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Notified, a globally trusted technology partner for public relations and investor relations professionals, unveiled its new case study demonstrating how GlobeNewswire® can significantly increase blog readership and engagement. By selecting 10 of the lowest-performing blog posts—previously only published on the corporate blog site—and redistributing them through GlobeNewswire, Notified saw a 33% overall increase in views, with the top-performing post achieving a 90 ...

LONDON, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Apollo Art Auctions delivered a stellar performance with a trio of auctions held on December 14th and 15th, achieving record-breaking sales and surpassing pre-sale estimates in their Fine Ancient Art & Jewellery – The prince collection sale. The auctions had set a bar in the antiquities market.  A Media Snippet accompanying this announcement is available by clicking on this link. Highlights from the Fine Ancient Art & Antiquities Sale: Lot 179: A Roman over life-si ...

NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Notified, a globally trusted technology partner for public relations and investor relations professionals, announced today an exclusive partnership with Torstar Corporation that enables businesses to expand their audience reach in Canada. Beginning in January 2025, Notified clients that select the Canada National distribution circuit on GlobeNewswire® will automatically have their news shared to a dedicated press release page on the Toronto Star and Metroland regi ...