Core Insights - Doral Renewables LLC has successfully closed construction project financing for three solar projects in Indiana, part of the larger 1.3 GW Mammoth Solar facility, which will power approximately 275,000 households annually [1][2] Financing Details - The total construction debt financing amounts to $1.3 billion, comprising $412 million in construction-to-term loan facilities, $614 million in tax equity bridge loans, and a $259 million letter of credit facility [3] - Doral has secured an additional tax equity commitment exceeding $200 million for the Mammoth South project from Truist Bank [3] Project Specifications - The Mammoth South, Central I, and Central II projects will utilize ground-mounted single-axis PV systems and approximately 20,000 tons of Indiana steel, contributing tens of millions of dollars to the local economy [2] - Over 1 million US-made solar modules will be used in these projects, which are expected to reach commercial operations in the fourth quarter of 2026 [2] Agrivoltaics Initiative - Doral plans to implement agrivoltaics practices in the project area, allowing for the integration of farming activities such as livestock grazing and food production [2] - The agrivoltaics efforts have been recognized as the "Dual-Use Plan of the Year" at the North American Agrivoltaics Awards [2] Partnerships and Relationships - KeyBanc Capital Markets, Banco Santander, and HSBC acted as Coordinated Lead Arrangers for the financing, highlighting their ongoing relationships with Doral [3][4] - Doral's CFO expressed satisfaction with the partnerships and the successful financing, indicating a strong foundation of trust with the banks involved [4][5] Company Overview - Doral Renewables operates a renewable energy portfolio of nearly 18 GW across 22 states, with a focus on community engagement and agrivoltaics practices [7] - The company has secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers [7]

Core Insights - PK AirFinance has successfully closed its largest aircraft loan asset-backed securitization (ABS) to date, issuing approximately $729 million in debt through the PK ALIFT LOAN FUNDING 6 Series 2025-1 [1][4] - This transaction marks PK's third commercial aircraft loan ABS issuance since July 2024, contributing to a cumulative total of approximately $2 billion in ABS transactions over the past nine months [2][5] - The issuance was oversubscribed, indicating strong demand from capital markets participants, and is secured by a portfolio of 114 senior-secured aviation loans with first priority liens on over $1.1 billion in underlying metal value [3][4] Company Strategy and Market Position - The CEO of PK AirFinance emphasized the company's commitment to the ABS market and its strategic funding advantage, which allows for flexible and competitive financing solutions for airline and lessor clients [4][5] - The transaction involved collaboration with several financial institutions, including Redding Ridge Asset Management, RBC Capital Markets, and others, showcasing the integrated platform's strength and broad investor support [5][6] - PK AirFinance is recognized as a premier specialized aircraft lending business with extensive expertise in aviation finance, supported by a team of experienced professionals [7]

Group 1 - Johnson Fistel, PLLP has initiated an investigation into potential breaches of fiduciary duties by the board members of Landsea Homes Corporation regarding the proposed sale to New Home Co, an Apollo Global Management portfolio company [1] - Landsea Homes announced a definitive agreement for New Home Co. to acquire all outstanding shares in a go-private transaction, offering $11.30 per share, which is below the previous 12-month high of $14.04 and a Wall Street analyst's target of $18.00 [2] Group 2 - Shareholders of Landsea who believe the buyout price is too low are encouraged to contact lead analyst Jim Baker for more information about the investigation [3] - Johnson Fistel, PLLP is a nationally recognized law firm specializing in shareholder rights and has a history of representing investors in securities class action lawsuits [4]

Core Insights - Apollo Funds have agreed to acquire a majority stake in PowerGrid Services (PGS), a leading provider of electric utility maintenance and construction services in the US, to support its growth in response to increasing power demand and necessary grid improvements [1][3] Company Overview - PowerGrid Services (PGS) provides essential utility services, including routine construction, maintenance, and emergency response, with over 1,400 skilled in-house professionals and a national vendor network [2][5] - PGS operates a hybrid service model that supports the entire power grid lifecycle, including transmission, distribution, substations, and vegetation management, and has established a safety-first culture [2][5] Strategic Goals - The partnership with Apollo is expected to enhance PGS's capabilities and growth while maintaining its commitment to safety and reliable service [3] - Apollo aims to leverage its resources to accelerate PGS's geographic expansion and targeted acquisition strategy, positioning PGS to meet the growing demand for power and contribute to grid stability [3] Historical Context - The Sterling Group has supported PGS since 2021, helping the company triple in size and deliver critical electric grid services [3][8] Financial Advisory - J.P. Morgan Securities LLC acted as the financial advisor for Apollo Funds, while Lincoln International served as the financial advisor for PGS and its shareholders [4]

Core Insights - Three alternative asset managers are increasing their dividends, indicating a strong commitment to returning capital to shareholders in a volatile market environment [3][12]. Industry Overview - Over the past 20 years, alternative assets have grown from 6% to 15% of global assets under management (AUM), with expectations of continued growth at around 10% annually through 2029 [2]. Company Summaries KKR & Co. Inc. - KKR announced a 5.7% increase in its quarterly dividend, bringing the annual dividend to $0.74, resulting in a dividend yield of 0.6% [3][4]. - The company has a diversified portfolio with credit strategies (38%), real assets (26%), and private equity (33%) [5]. - KKR aims to reach $1 trillion in AUM by 2030 and has grown its AUM by 15% and annual adjusted net income (ANI) by 37% over the last 12 months [6]. Apollo Global Management - Apollo increased its dividend by over 10% to $2.04 annually, yielding approximately 1.42% [8][10]. - The company primarily focuses on credit investments, which constituted around 88% of its nearly $600 billion in fee-bearing capital [9]. - Apollo reported record fee-related earnings of $559 million in Q1 2025 and significant AUM inflows [9][11]. Blue Owl Capital - Blue Owl raised its dividend by 25%, resulting in an annual dividend of $0.90 and a yield of 4.59% [12][14]. - The company has raised its quarterly dividend eight times since going public in 2021, with credit strategies making up 51% of its $273 billion AUM [15]. - Blue Owl's strategy includes taking minority ownership in other private equity and hedge fund companies, allowing it to benefit from their profits [16].

Landsea Homes Shareholders to Receive $11.30 Per Share in Cash, Representing a Premium of Approximately 61% to the Closing Share Price on May 12, 2025 Complementary, Diversified Footprint Positions Combined Company to Accelerate Continued Growth Across the Country IRVINE, Calif. and DALLAS, May 12, 2025 (GLOBE NEWSWIRE) -- New Home Co. (“New Home”) and Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes”) today announced that they have entered into a definitive agreement under which New Home will acqu ...

Core Insights - TeleVox's Practice Edition has been awarded the "Best Practice Management Solution" in the 9th Annual MedTech Breakthrough Awards, recognizing its impact in the digital health and medical technology market [1][6][11] Company Overview - TeleVox is a leading provider of omnichannel digital patient relationship management technology, utilized by over 7,000 healthcare organizations, including hospitals and community health centers [10] - The company focuses on engaging, educating, and empowering patients throughout their care journey, integrating with electronic health records (EHR) for automated, personalized interactions [10] Product Features - Practice Edition is designed to streamline scheduling processes, enhance patient communication, and support practice growth [3][4] - Key features include automated appointment reminders, no-show follow-ups, digital waitlists, eCheck-in, eBilling, patient surveys, and online reputation management [5][8] - The platform offers a user-friendly appointment calendar and dashboards that integrate seamlessly into existing workflows, reducing staff workload and improving communication quality [4][6] Industry Recognition - The MedTech Breakthrough Awards program highlights innovation in the health and medical technology sector, with this year's nominations reflecting a record-breaking participation from over 18 countries [6][7] - The awards cover various categories, including Telehealth, Patient Engagement, and Medical Devices, showcasing advancements that improve patient care [6][11] Strategic Importance - TeleVox's Practice Edition addresses common challenges faced by medical offices, such as staffing issues, inefficient technology, and poor patient retention, ultimately leading to improved patient experiences and practice productivity [8]

Financial Performance - GAAP Net loss was $376 million for the first quarter[16] - GAAP Net loss attributable to Bridge Investment Group Holdings Inc was $122 million for the first quarter[16] - Loss per share of Class A common stock - basic and diluted was $037 for the first quarter, partially attributed to approximately $170 million in transaction costs related to the Merger Agreement[16] - Distributable Earnings ("DE") of the Operating Company decreased 47% to $170 million[17] from $322 million[17] year-over-year - After-tax DE per share decreased 47% to $009[17] from $017[17] year-over-year Assets Under Management (AUM) - Gross AUM increased 3% year-over-year to $494 billion[17] from $480 billion[17] - Fee-Earning AUM remained unchanged year-over-year at $220 billion[17] - Capital Raised increased 4% year-over-year to $02 billion[17] from $02 billion[17] - Capital Deployed increased 73% year-over-year to $06 billion[17] from $03 billion[17] Revenue - Total Revenue decreased 6% year-over-year to $963 million[17] from $1028 million[17] - Fee Related Revenues decreased from $793 million[25] to $726 million[25]

Core Insights - The webinar focuses on strategic time management for Investor Relations (IR) teams, addressing the increasing pressures from new regulations, rising ESG expectations, and direct engagement with investors [1][4]. Group 1: Webinar Details - The live session is scheduled for Tuesday, May 13, 2025, at 11:00 am ET [3]. - Registration details are provided through a link [3]. Group 2: Key Learning Outcomes - Participants will learn how leading IROs allocate their time across various activities [5]. - The session will cover effective team structuring for success [5]. - Practical tips for maintaining focus during critical events like investor days will be shared [5]. Group 3: Speaker Profiles - Lisa Caperelli, former VP of Investor Relations at Arbutus Biopharma, has over 20 years of experience in IR communications strategies [5]. - Erik Carlson, COO of Notified, has extensive expertise in private equity and business transformation, advising on over 100 deals [5]. - Katie Keita, IR Lead at Kneat Solutions, has over 20 years of IR experience in tech companies and previously built Shopify's IR program [5]. - Steve Wade, Head of Content at IR Impact, focuses on IR, governance, and sustainability, curating events and digital content [5].

Summary of Apollo Global Management (APO) 2025 Conference Call Company Overview - **Company**: Apollo Global Management (APO) - **Date**: May 07, 2025 - **Key Speaker**: Martin Kelly, CFO Industry Insights - **Current Environment**: The macroeconomic environment has stabilized since March, with credit markets showing signs of recovery. Spreads have returned to about halfway between their peak and previous levels, indicating a less stressed credit market [5][6][7]. - **Credit Performance**: Despite recent tariff announcements, credit markets are not showing significant stress. The company has seen a strong pipeline of opportunities across various sectors, including investment-grade credit and equity [6][7][8]. - **Tariff Impact**: Agencies have downgraded around 20 companies most exposed to tariffs, but the overall business remains strong and well-positioned [6][8]. Financial Performance - **Earnings Guidance**: The company maintains a long-term growth target of 10% over five years and aims for a 15% return on equity for investors. Recent tight spreads and interest rate transitions have created headwinds, but the long-term strategy remains unchanged [11][12][13]. - **Cash Reserves**: Athene, a subsidiary, currently holds approximately $20 billion in cash and liquid assets awaiting deployment [14]. Business Segments - **Retirement Services**: The company reported $25 billion in business written in Q1, with expectations to exceed last year's target of $70 billion. The growth is driven by retail annuities, funding agreements, and reinsurance channels [16][17][19]. - **Competitive Landscape**: There is increased competition in the retail market, leading to pricing pressures. However, the company believes its efficient cost structure and origination capabilities provide a competitive advantage [20][21]. - **Origination Demand**: The company originated $220 billion in total last year, with $55 billion in Q1, indicating strong demand across various credit platforms [22][23]. Strategic Initiatives - **High-Grade Corporate Solutions**: The pipeline for corporate solutions is robust, driven by the need for financing in sectors like infrastructure and energy transition. The company is well-positioned to meet this demand due to its access to long-duration capital [26][27][28]. - **Fixed Income Trading Capabilities**: Apollo is developing broader fixed income trading capabilities to enhance liquidity in private markets, having traded $2 billion of credit with around 60 counterparties [34][35][36]. - **Wealth Management**: The company is expanding its wealth management business, focusing on increasing product offerings and distribution channels. Initial reception of new products has been positive, but it may take time to gain traction [58][59]. Long-Term Outlook - **Growth Targets**: The company maintains a target of 20% FRE growth and 10% SRE growth over time, supported by four key tailwinds: industrial renaissance, public-private convergence, global wealth access, and lifetime income planning [67][68][69][70]. - **Market Evolution**: The company is focused on evolving its strategies to meet changing market demands, particularly in private investment-grade credit and potential future equity offerings [30][31][61]. Conclusion Apollo Global Management is navigating a complex macroeconomic environment with a strong focus on maintaining growth targets and capitalizing on emerging opportunities across various sectors. The company is well-positioned to leverage its strengths in origination, competitive pricing, and strategic partnerships to drive future growth.