Core Viewpoint - Apollo Global Management has launched a new investment business focused on providing capital solutions in the global sports sector [4]. Group 1 - The new venture is named Apollo Sports Capital and will be led by Al Tylis, a seasoned investor and executive in the sports industry [4]. - Apollo Sports Capital will primarily focus on investing in credit [5].

Athene, a retirement services company and subsidiary of Apollo Global Management, Inc., has announced that it will enter into a block reinsurance transaction with Japanese insurer Sony Life Insurance Co. Ltd.Under the agreement, Athene will reinsure an in-force block of U.S. dollar-denominated whole life insurance policies and will enter into an agreement with Swiss Re to retrocede all associated mortality risk.This is Athene’s second block reinsurance transaction and its eighth transaction with Japanese in ...

Core Insights - Apollo has launched Apollo Sports Capital (ASC), a new investment business focused on providing capital solutions in the global sports and live events ecosystem [1][2] - Al Tylis has been appointed as CEO of ASC, with Rob Givone and Lee Solomon as co-portfolio managers, and Sam Porter as Chief Strategy Officer [1][3] Investment Focus - ASC will primarily invest in credit and hybrid opportunities within the sports landscape, including franchises, leagues, venues, media, and events [2] - The company aims to be a stable, long-term partner in the sector, offering patient capital and strategic value [2] Leadership and Expertise - John Zito, Co-President of Apollo Asset Management, emphasized the goal of building a leading investment company in the sports sector, creating long-term value for investors, fans, teams, and communities [3] - Al Tylis brings extensive experience in sports investments, having previously owned or invested in multiple teams and leagues, and has a background in real estate [3] Established Presence - Apollo has a significant track record in the sports sector, having deployed approximately $17 billion in investments related to sports and entertainment, media rights, and stadium and league financings [4]

Core Insights - First Brands Group LLC is facing potential bankruptcy due to financial reporting concerns and has implemented measures to prevent Apollo Global Management Inc. from trading its loans [1][4] - Apollo found a workaround to short First Brands' debt without owning the loans, utilizing a complex arrangement [2][3] - The financial maneuvers surrounding First Brands highlight the challenges in understanding its opaque financing arrangements and the competitive dynamics among creditors [4][5] Company Actions - First Brands created a blacklist to restrict certain firms, including Apollo, from trading its loans [1][5] - The company relied on complex off-balance sheet financing, which has drawn scrutiny from Wall Street firms [4] Market Dynamics - Apollo's strategy involved finding a counterparty to facilitate trades without officially holding the debt, allowing it to profit from the situation [3][6] - Other firms, such as Diameter Capital Partners, also engaged in short bets against First Brands, but Apollo's position is notable due to its ownership of Tenneco Inc., a key competitor [7]

Core Insights - Apollo Global Management is investing €3.2 billion in a joint venture with RWE, focusing on the German energy grid [1][3] - RWE will maintain control of the joint venture, which aims to support Amprion's grid development and enhance RWE's green energy initiatives [2][4] - Apollo has managed over $100 billion in funding since 2020 and plans to invest more than $100 billion in Germany over the next decade [4] Investment Details - The joint venture will utilize RWE's 25.1% stake in Amprion, which serves nearly 29 million people across seven German federal regions [1] - The investment is intended to provide equity financing for Amprion's long-term grid development program [2][3] - The deal is pending regulatory approval and is expected to be finalized in Q4 2025 [4] Strategic Focus - Apollo aims to increase its investments in Europe, particularly in Germany, France, Italy, and the UK [3] - The collaboration with RWE is positioned to ensure energy supply for homes and industries in Germany [3]

Core Insights - Apollo Global Management, Inc. has received regulatory approval to launch three evergreen, semi-liquid European Long-Term Investment Funds (ELTIFs), broadening access to institutional-quality private markets for individual investors across Europe, Asia, and Latin America [1][11]. Fund Details - The new funds include Apollo European Private Credit ELTIF (AEPC ELTIF), Apollo Global Diversified Credit ELTIF (AGDC ELTIF), and Apollo Global Private Markets ELTIF (AGPM ELTIF), authorized by Luxembourg's Commission de Surveillance du Secteur Financier under the updated ELTIF 2.0 regime [2][9]. - AEPC ELTIF aims for steady income through first-lien, senior-secured loans to large-cap and upper-middle-market European companies, while AGDC ELTIF adopts a flexible, multi-asset approach to private credit [3][9]. - AGPM ELTIF is designed for long-term capital growth through investments in private companies globally, leveraging Apollo's extensive global network for secondaries and co-investments [4][9]. Market Expansion - With these new funds, Apollo's Luxembourg platform now features eight evergreen products, enhancing its Global Wealth business, which attracted $9 billion in inflows across 18 strategies in the first half of 2025 [5][11]. - The expanded platform aims to provide comprehensive access to institutional-grade private market strategies for eligible investors, complying with local regulations [6][11]. Strategic Partnerships - Apollo has formed partnerships to enhance its private markets capabilities, including a $25 billion private credit, direct lending program with Citigroup, initially focused on North America [9][10]. - The partnership with State Street Global Advisors aims to improve investor access to private market opportunities [10]. Commitment to Accessibility - The launch of the three ELTIFs underscores Apollo's commitment to making private markets more accessible to a wider range of investors, positioning the company to capture rising demand for alternative investments [11][12].

Core Insights - Apollo Global Management, Inc. is highlighted as a relatively cheap stock within the S&P 500, with projected earnings growth of approximately 19% by 2026 and a valuation of 15.5 times next year's earnings [1][2] Company Overview - Apollo Global Management specializes in alternative investments, focusing on private equity, credit, real estate, and infrastructure [2] - The firm's investment strategies include buyouts, distressed assets, structured credit, and direct lending [2] Market Position - The company is recognized as a leader in both private equity and private credit, consistently trading at a discount compared to the broader market [1][2] - Jim Cramer expressed strong belief in Apollo's potential, referring to it as a smart company and a cheap stock [2]

Core Insights - T. Rowe Price Group (TROW) and Apollo Global Management (APO) are prominent players in the asset management industry, each with distinct strengths and focuses [1][20] - Apollo emphasizes private equity and alternative assets, while T. Rowe Price specializes in mutual funds and active management of equity and fixed income [1] Apollo Global Management (APO) - Apollo's diversified business model supports sustainable earnings, with a compound annual growth rate (CAGR) of 7.8% in assets under management (AUM) from 2021 to 2024, driven by retirement services and new financing [3] - The company expects its total AUM to reach nearly $1.5 trillion by 2029, primarily through scaling its private equity business [3][9] - Recent acquisitions, such as Bridge Investment Group Holdings, and partnerships with Mubadala and Citigroup enhance Apollo's capabilities and growth potential [4] - Apollo's revenues grew at a CAGR of 63.7% from 2021 to 2024, although growth moderated in the first half of 2025 [5] - The Zacks Consensus Estimate projects a year-over-year earnings increase of 4.7% for 2025 and 19.3% for 2026, with upward revisions in estimates over the past 60 days [10] T. Rowe Price Group (TROW) - T. Rowe Price's AUM experienced a CAGR of 2.3% from 2020 to 2024, supported by market appreciation and strength in multi-asset and fixed income [6] - The company has formed strategic alliances, including a partnership with Goldman Sachs to enhance access to private markets and an acquisition of Retiree for retirement income planning [7] - T. Rowe Price's net revenues grew at a CAGR of 3.4% over the past four years, continuing into the first half of 2025 [8] - The Zacks Consensus Estimate indicates a year-over-year earnings decline of 1.6% for 2025, followed by a 4.9% increase in 2026, with upward revisions in estimates [13] Comparative Performance - Over the past year, Apollo outperformed the industry with a stock gain of 17.3%, while T. Rowe Price only rose 0.5% [15] - Apollo trades at a forward price-to-earnings (P/E) multiple of 16.3X, while T. Rowe Price trades at 11X, both below the industry average of 17.45X [17] - Both companies have increased dividends five times in the past five years, with Apollo's yield at 1.5% and T. Rowe Price's at 4.8% [19] Investment Outlook - Apollo is positioned for greater upside potential due to its diversified and rapidly growing alternative asset platform, aggressive expansion, and strong earnings growth trajectory [20] - T. Rowe Price offers steady growth and high dividend yield but has a more conservative approach, limiting its upside compared to Apollo [21]

Core Viewpoint - Apollo Global Management Inc. (APO) has reached a significant support level and shows potential for investors from a technical perspective, having recently broken through the 200-day moving average, indicating a long-term bullish trend [1]. Technical Analysis - The 200-day simple moving average is a widely-used indicator that helps establish market trends for various financial instruments over the long term, serving as a support or resistance level [2]. - APO has experienced a rally of 7.8% over the past four weeks, and currently holds a Zacks Rank of 3 (Hold), suggesting it may be on the verge of another upward movement [2]. Earnings Estimates - The bullish outlook for APO is further supported by positive earnings estimate revisions, with 7 upward revisions compared to none lower for the current fiscal year, and the consensus estimate has also increased [3]. - The combination of favorable earnings estimate revisions and the achievement of a key technical level positions APO as a stock to watch for potential gains in the near future [3].

Core Insights - Apollo has received regulatory authorization to launch three new evergreen, semi-liquid European Long-Term Investment Funds (ELTIFs) under the ELTIF 2.0 regime, enhancing access to institutional-quality private market strategies for investors in EMEA, Asia, and Latin America [1][2][3] Fund Details - The three new funds are: - Apollo European Private Credit ELTIF (AEPC ELTIF), focusing on first-lien, senior secured direct lending to large-cap and upper middle-market European companies [7] - Apollo Global Diversified Credit ELTIF (AGDC ELTIF), employing a global, multi-asset credit strategy across private credit sectors [7] - Apollo Global Private Markets ELTIF (AGPM ELTIF), aimed at long-term capital appreciation through investments in private companies globally [7] Business Growth - Apollo's Global Wealth business reported $9 billion of inflows in the first half of 2025 across 18 separate strategies, indicating strong demand for diversified private market exposure [4] - The company continues to expand its product offerings and distribution capabilities to meet investor needs [4] Regulatory Context - The new ELTIFs will be launched via the Apollo Private Markets Umbrella SICAV, having received authorization from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) [2]