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] Group 1: Fund Details - The three new funds are: Apollo European Private Credit ELTIF, Apollo Global Diversified Credit ELTIF, and Apollo Global Private Markets ELTIF, each designed to provide attractive income and capital appreciation through various investment strategies [7] - Apollo European Private Credit ELTIF aims to provide income from first-lien, senior secured direct lending to large-cap and upper middle-market European companies [7] - Apollo Global Diversified Credit ELTIF focuses on a global, multi-asset credit strategy, investing across private credit sectors including direct lending and asset-backed finance [7] - Apollo Global Private Markets ELTIF seeks long-term capital appreciation by investing in private companies globally through secondaries and co-investments [7] Group 2: Business Growth and Strategy - 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 the growing needs of investors [4] - Apollo has been an early mover in the ELTIF regime, having launched the closed-end ACT Equity ELTIF in 2023, and is now expanding its suite of solutions [4]

（原标题：阿波罗高管：对欧洲市场乐观程度达二十年之最） Seminara周二表示："我认为欧洲已经意识到了投资的必要性。你可以看到德国政府确实在积极采取行 动，这不仅仅是资金问题，更是态度问题，体现了政府帮助私人资本真正在市场上取得进展的意愿。" 作为战略的一部分，阿波罗公司计划在欧洲大陆开设更多办事处。Seminara表示，其中一家办事处"很 快"将在法兰克福开设。该公司已在苏黎世开设了一家新办事处，其欧洲主要总部设在伦敦。 然而，作为一位价值投资者，Seminara表示，阿波罗并未涉足人工智能及国防领域的股票投资，而这些 领域近期一直是投资者关注的焦点。欧洲国防企业的股价大幅上涨，因为德国政府承诺在四年内将年度 国防预算翻一番。 相反，阿波罗专注于能够服务这些领域的公司，Seminara 提到了其最近收购冷却设备公司Kelvion的交 易。Seminara 表示，这家此前陷入困境的公司在2019年进行了重大债务重组，如今在为数据中心提供 制冷服务方面拥有广阔的发展空间。 他表示："长期以来，投资者始终对欧洲市场持保守观望态度。现在真正需要的是德国乃至整个欧洲主 动把握时机。如果处理得当，就能真正促进经济发 ...

Core Insights - Apollo Global Management (APO) is pursuing growth through an acquisition-driven strategy, focusing on inorganic expansion to enhance its assets under management (AUM) and diversify revenue streams [1][2][24] - The company aims to scale its total AUM to $1.5 trillion by 2029, with significant growth expected in its equity and private lending segments [8][12][13] Inorganic Growth Efforts - Apollo completed the acquisition of Bridge Investment Group Holdings Inc., which adds approximately $50 billion in assets and nearly doubles its real estate AUM to over $110 billion [4][5][11] - The acquisition is expected to enhance Apollo's fee-related earnings and strengthen its offerings for institutional and wealth clients [5][11] Strategic Partnerships - In May 2025, Apollo partnered with JPMorgan Chase and Goldman Sachs to increase liquidity in the private credit market, aiming to originate larger loans more quickly [6] - Strategic alliances with Citigroup and State Street were formed to broaden access to private credit and enhance retail distribution channels [7][10] Revenue Growth and Financial Goals - Apollo has shown strong organic growth, with total GAAP revenues experiencing a three-year CAGR of 63.7% through 2024 [9] - The company expects fee-related earnings to grow at an average annual rate of 20% by 2029, with spread-related earnings projected to grow at 10% [12] Capital Distribution and Shareholder Returns - As of June 30, 2025, Apollo had $2.4 billion in cash and cash equivalents, supporting its capital distribution activities, including a 10.9% increase in its quarterly dividend [14][15] - The company has a share repurchase program authorized for up to $3 billion, with $1.03 billion remaining as of June 30, 2025 [15] Price Performance and Estimates - Over the past year, APO shares have gained 24.1%, outperforming the industry and the S&P 500 Index [16] - The Zacks Consensus Estimate for Apollo's 2025 and 2026 sales indicates year-over-year growth of 18% and 19.4%, respectively [19] Final Thoughts - Apollo's combination of inorganic acquisitions and strong organic growth positions it as a significant player in alternative asset management and private credit [24] - The company's robust liquidity, disciplined capital management, and consistent dividends and share repurchases enhance its attractiveness for long-term investors [25]

Apollo Global Management has never been more bullish on Europe in its 20 years of investing in the continent, according to the region’s head https://t.co/IdC629KCvA ...

Core Viewpoint - Jim Cramer identifies several undervalued stocks in the S&P 500 that present growth potential despite the market reaching record highs [1]. Group 1: Consumer Sector - T-Mobile US Inc. (TMUS) is highlighted for its strong team despite recent leadership changes [2]. - Royal Caribbean Group (RCL), Expedia Group Inc. (EXPE), and Dollar Tree Inc. (DLTR) are noted as potential bargains in the consumer sector [2]. Group 2: Financial Sector - Capital One Financial Corp. (COF), American Express Co. (AXP), Citigroup Inc. (C), and KeyCorp (KEY) are recommended as undervalued stocks [3]. - Additional mentions include Charles Schwab Corp. (SCHW), Chubb Ltd. (CB), and Apollo Global Management Inc. (APO) [3]. Group 3: Healthcare and Technology Sectors - Incyte Corp. (INCY) is recommended in the healthcare sector [4]. - Dell Technologies Inc. (DELL) and Jabil Inc. (JBL) are suggested in the tech industry, with Dell noted for its role in artificial intelligence infrastructure [4][5]. Group 4: Industrial, Utility, and Real Estate Sectors - Caterpillar Inc. (CAT), Cummins Inc. (CMI), and Jacobs Solutions Inc. (J) are favored industrial stocks [4]. - Entergy Corp. (ETR) and Boston Properties Inc. (BXP) are mentioned in the utility and real estate sectors, respectively [4]. Group 5: Market Context - Cramer's focus on undervalued stocks comes amid a market rally, where he has expressed concerns about speculation in risk assets [5]. - He previously suggested Canadian National Railway Company (CNI) as "way too cheap" [5].

Core Insights - The current market presents a challenge for investors seeking safe places to allocate new capital, as the S&P 500 is experiencing record highs and significant rallies [1] - There are still opportunities to find relatively inexpensive stocks with above-average growth potential, particularly within the S&P 500 [2] Stock Selection - A screen identified 104 S&P 500 stocks with above-average growth and below-average price multiples, narrowing down to 86 after excluding energy and materials sectors [3][4] - T-Mobile is highlighted for its expected 19.4% earnings growth next year, trading at just over 18 times next year's earnings [4] - Royal Caribbean and Expedia are noted as strong travel stocks, with Expedia projected to grow earnings by 18% next year while trading at 13 times earnings, significantly cheaper than Booking Holdings [5] - Dollar Tree is identified as a consumer staples stock with a 15% growth rate, trading at less than 15 times next year's earnings, making it a favorable option [6] Financial Sector Opportunities - The financial sector is experiencing favorable conditions, with 34 of the 86 identified stocks coming from this sector [7] - Capital One Financial is projected to have nearly 14% earnings growth next year, trading at roughly 11 times next year's earnings [8] - American Express is expected to grow earnings by 12.6% next year, trading at less than 20 times earnings, which is cheaper than the overall S&P [9] - Citigroup is highlighted for its strong recovery under CEO Jane Fraser, with expected growth of 28% next year while trading at just 10.5 times earnings [10] - Keycorp, a regional bank, is expected to grow at 22% next year, trading at just under 11 times next year's earnings [11] Other Notable Stocks - Charles Schwab is recognized as a strong retail brokerage, while Apollo is noted for its leadership in private equity and private credit with projected earnings growth of 19% [12][13] - Insight, a biopharma company, stands out in the healthcare sector with expected earnings growth of 19% and trading at just under 12 times next year's earnings [14] - Caterpillar is noted for its strong performance, with an expected 18% earnings growth and trading at 22 times next year's earnings [15] - Dell Technologies is mentioned as a core player in AI infrastructure, while BXP, a real estate company, has rebounded after trimming its dividend to focus on growth projects [18][19] - Energy, a utility company, is highlighted for its growth potential due to infrastructure projects, including a $10 billion data center by Meta [20]

Group 1 - Apollo Global Management, a potential bidder for Britain's largest coffee chain, has opted not to submit a bid before the recent deadline [1] - The decision was reported by Sky News, indicating a shift in interest regarding the acquisition [1] - Coca-Cola was mentioned in the context of the bidding process, although further details were not provided [1]

Group 1 - Apollo Global Management (APO.US) is in preliminary talks with Schroders Plc, the largest independent asset management company in the UK, to potentially establish a product collaboration [1] - The collaboration may involve Apollo providing asset sources for Schroders, but it does not include any merger or acquisition discussions [1] - Schroders is simultaneously exploring partnerships with other potential collaborators to enhance its product service offerings [1] Group 2 - The rise of low-cost passive investing has prompted active management firms like Schroders to accelerate their expansion into alternative investment businesses, which typically have longer asset holding periods and allow for higher management fees [2] - Several institutions have recently pursued similar collaborations, including PGIM partnering with Partners Group and Goldman Sachs investing up to $1 billion in T. Rowe Price to sell private market products to retail investors [2] - Schroders is undergoing a strategic restructuring under new CEO Richard Oldfield, who aims to revitalize the 221-year-old institution [2] Group 3 - Richard Oldfield has initiated several reforms, including a cost reduction plan of £150 million (approximately $203 million) and the closure of at least 10% of fund products [3] - As of June 30, Schroders managed total assets of approximately £776.6 billion, with its alternative investment division managing £71 billion [3] - Despite growth in the alternative investment sector, its growth rate has not met established targets, although 75% of Schroders' private market investments have outperformed benchmarks over the past five years [3]

Group 1 - The core point of the article is that Atletico Madrid is in advanced negotiations with Apollo Global Management for the sale of a controlling stake, valuing the club at approximately €2.5 billion (around $2.9 billion) [1][2] - Apollo Global Management may acquire control by purchasing shares from the club's CEO Miguel Angel Gil Marin and President Enrique Cerezo, and possibly from Ares Management [1] - The existing management is expected to remain in place, and shareholders may only sell a portion of their stakes [1] Group 2 - Atletico Madrid requires at least €60 million in new capital to invest in the team and develop sports and leisure projects around the Metropolitano Stadium [2] - Apollo Global Management has secured a three-month exclusive investment period, which is set to expire in mid-October [2] - Apollo Global Management manages over $800 billion in assets and plans to establish a $5 billion sports investment fund [2] - The global sports sponsorship market is projected to reach $115 billion by 2025 and exceed $160 billion by 2030 at the current growth rate [2]

Core Viewpoint - Apollo Global Management Inc. is raising $10 billion from insurers using a special structure, highlighting the growing relationship between private capital and annuity providers [1][2]. Group 1: Fundraising Structure - Apollo is utilizing a special purpose vehicle to sell highly rated debt linked to its credit funds, which include direct lending, asset-based finance, hybrid capital, and investment-grade credit [2]. - The deal is in its early stages, with terms still under discussion with investors, and is expected to be one of the largest of its kind [2]. Group 2: Industry Trends - Alternative investment firms are increasingly accessing the trillions of dollars in insurance capital to sustain their rapid growth [3]. - Insurers are seeking higher yields to meet their liabilities and have invested in complex credit strategies, such as collateralized fund obligations, which allow for cheaper borrowing against illiquid assets [4]. Group 3: Investment Grade Ratings - The structured vehicles aim to achieve investment-grade ratings for their senior debt, enabling insurers to invest in private credit without incurring high capital charges associated with junk-rated credit [5]. - By the end of 2024, approximately one-third of US life insurers' $6 trillion in cash and invested assets is projected to be allocated to various forms of private credit [5].