Group 1 - Apollo Global Management is transforming its asset management model by merging with its insurance and retirement services company, Athene, positioning itself as a principal investor rather than a third-party asset manager [1][11][12] - The company emphasizes a principal-oriented approach, focusing on long-term capital investments to support significant capital expenditure transformations, such as infrastructure and defense in Europe [2][12] - Apollo's strategy includes a diverse capital pool with annual returns ranging from 5% to 20%, allowing for flexible financing solutions tailored to specific company needs [2][27] Group 2 - Apollo manages approximately $800 billion in assets, with a significant portion allocated to credit markets, and has seen annual growth of about $150 billion [10][43] - The company has a unique asset allocation, with around 65% of its balance sheet in investment-grade assets, while its credit business includes both its own assets and third-party investments [43][44] - The firm is actively involved in creating customized financing solutions for major corporations, providing flexibility and off-balance sheet transactions that do not impact their current debt levels [59][60] Group 3 - The current macroeconomic environment presents challenges and opportunities, particularly with rising interest rates affecting investment strategies and asset returns [4][70] - Apollo's innovative approach to asset generation includes acquiring platforms and building capabilities to create a robust asset origination system, which has become increasingly valuable in the current market [36][41] - The company is exploring the potential for increased liquidity in private assets through technological advancements and structural reforms in the European capital markets [81][84] Group 4 - The relationship between limited partners (LPs) and general partners (GPs) is evolving into more collaborative partnerships, reflecting a shift in how investment strategies are developed and executed [48][50] - Apollo's focus on understanding the unique needs of issuers has allowed it to establish itself as a viable alternative financing option for large corporations, diversifying their funding sources [56][58] - The firm anticipates that private assets will become more accessible to retail investors, with a focus on creating semi-liquid structures and risk profiling to meet diverse investor needs [86][88]

Company Overview - Apollo is a high-growth, global alternative asset manager with approximately $785 billion of assets under management as of March 31, 2025 [2] - The company aims to provide clients with excess returns across the risk-reward spectrum, from investment grade credit to private equity [2] - Apollo's retirement services business, Athene, focuses on helping clients achieve financial security through a suite of retirement savings products [2] Upcoming Events - Martin Kelly, Chief Financial Officer of Apollo, will participate in a fireside chat at the Morgan Stanley 2025 US Financials Conference on June 11, 2025, at 7:30 am EDT [1] - A live webcast of the event will be available on Apollo's Investor Relations website, with a replay accessible shortly after the event [1]

Apollo Global Management (NYSE: APO ) is one of the world's leading alternative asset managers, with more than $785 billion under management , and with around $380 billion via Athene, its insurance subsidiary. Despite the complexity of its incomeMy investing approach blends macroeconomic analysis with valuation models, including DCF, multiple-based analysis. I pay close attention to financial structure, free cash flow generation, and capital allocation discipline. I’m particularly drawn to companies undergo ...

Finding stocks that consistently generate positive alpha—meaning they outperform the market on a risk-adjusted basis—is a key goal for savvy investors. While markets can be unpredictable, certain companies have demonstrated a persistent ability to beat benchmarks throughTrader, analyst & portfolio manager, from 1975 - 2001. Former head of equity trading at Northern Trust Co. in Chicago. Now a private investor, founder of a nonprofit investor advocacy firm, and private investing coach. It gives me great sati ...

Group 1 - Apollo Global Management Inc. is collaborating with major banks such as JPMorgan, Goldman Sachs, and three other banks to trade private credit and issue investment-grade bonds on a larger scale [1] - These banks act as broker-dealers, sometimes purchasing bonds issued by Apollo and including them on their balance sheets, while also providing brokerage and pricing services for third parties [1] - Citigroup is one of the banks currently in discussions for transaction cooperation with Apollo, which will enhance liquidity and enable Apollo to issue larger loans more quickly [1] Group 2 - The additional liquidity will support Apollo's efforts to reach individual clients, who typically require more frequent redemptions compared to institutional clients [1]

Financial Data and Key Metrics Changes - The company anticipates 15% to 20% growth in fee-related earnings (FRE) for the current year and over 20% in the long term, driven by strong asset management performance and growing retirement needs globally [78][80] - The company manages over $800 billion in assets, with a significant portion generating fee-related earnings [78][79] Business Line Data and Key Metrics Changes - The asset-based finance (ABF) business is highlighted as a clear market leader, with strong origination capabilities and a favorable investment-grade backdrop [22][23] - The hybrid business, which combines elements of credit and equity, is seen as underappreciated but poised for significant growth due to macroeconomic trends [25][26] Market Data and Key Metrics Changes - The company notes a shift in LP allocations, with traditional investment-grade managers beginning to embrace alternative strategies, particularly in asset-backed securities (ABS) [30][31] - There is a growing demand for private credit solutions, with the company seeing strong performance in NAV lending and capital solutions for financial sponsors [68][69] Company Strategy and Development Direction - The company is focused on four major industry drivers: global pension deficits, growth in retail wealth channels, industrial renaissance needs, and public-private convergence [13][14] - The company anticipates continued consolidation in the alternative investment industry, with larger firms capturing a greater share of the market [14][17] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in navigating the current economic environment characterized by higher rates and sticky inflation, viewing it as an interesting time for investment [5][10] - The company is optimistic about its long-term growth strategy, emphasizing the importance of robust risk management and the ability to adapt to changing market conditions [12][74] Other Important Information - The company is actively developing new products to address the global retirement crisis, including lifetime income products and capital-efficient solutions [42][43] - The company is positioned as a key player in the wealth management space, with a strong focus on semi-liquid and evergreen products [48][50] Q&A Session Summary Question: What areas of your asset management business are scaling the fastest right now? - The asset-based finance and hybrid business lines are scaling rapidly, driven by strong market demand and the company's early positioning in these areas [22][25] Question: Are you seeing any major changes in LP allocations geographically? - While there is some initial concern regarding geographic allocations post-Liberation Day, the majority of LPs continue to engage with the company without significant impact on fundraising [36][38] Question: How is the company addressing the global retirement crisis? - The company is developing a variety of products aimed at providing lifetime income and addressing the needs of retirees, leveraging its established distribution channels [42][43] Question: What is the outlook for competition in the annuity channel? - The company acknowledges increased competition but remains confident in its ability to execute effectively and maintain market share through strategic partnerships [76][77] Question: How does the company view the current investment environment? - Management sees a broad and diverse pipeline of opportunities, particularly in NAV lending and high-grade capital solutions, despite potential regulatory changes impacting banks [68][71]

据知情人士透露，英国石油公司（BP）的Castrol润滑油业务吸引到Reliance Industries Ltd.等能源公司的 的收购意向。 阿波罗和Lone Star Funds等买断公司也感兴趣。（彭博） ...

Group 1 - The article promotes iREIT on Alpha as a source for in-depth research on various income alternatives including REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, highlighting its positive testimonials [1] Group 2 - The article includes a disclosure stating that the author has no stock or derivative positions in any mentioned companies and has no plans to initiate any such positions in the near future [2] - It emphasizes that past performance is not indicative of future results and that no specific investment recommendations are provided [3]

Core Insights - Apollo Global Management is a high-growth global alternative asset manager with approximately $785 billion in assets under management as of March 31, 2025 [2] Group 1: Company Overview - Apollo seeks to provide clients with excess returns across the risk-reward spectrum, from investment grade credit to private equity [2] - The company has over three decades of investing expertise and offers innovative capital solutions for business growth [2] - Through its retirement services business, Athene, Apollo specializes in providing retirement savings products and solutions for financial security [2] Group 2: Upcoming Events - Jim Zelter, President of Apollo, will participate in a fireside chat at the Bernstein 41st Annual Strategic Decisions Conference on May 29, 2025, at 8:00 am EDT [1] - A live webcast of the event will be available on Apollo's Investor Relations website, with a replay accessible shortly after the event [1]

Core Insights - Tiger Global's total market value for Q1 2025 reached $26.6 billion, a slight increase from $26.5 billion in the previous quarter, reflecting a quarter-over-quarter growth of 5.36% [1][2] - The fund added 5 new stocks to its portfolio, increased holdings in 14 stocks, reduced holdings in 2 stocks, and completely exited 9 stocks during the quarter [1][2] - The top 10 holdings accounted for 62.74% of the total portfolio value [1][2] Holdings Overview - The largest holding is Meta (META.US) with approximately 7.47 million shares valued at about $4.3 billion, representing 16.18% of the portfolio [2][3] - Microsoft (MSFT.US) is the second-largest holding with around 6.24 million shares valued at approximately $2.3 billion, which is 8.81% of the portfolio, showing a 16.78% increase in shares from the previous quarter [3][4] - Other significant holdings include Sea (SE.US), Google (GOOGL.US), and Amazon (AMZN.US), with respective portfolio percentages of 7.87%, 5.99%, and 4.71% [3][4] Trading Activity - The top five new purchases included Applovin (APP.US), Zillow-C (Z.US), GE Vernova (GE.US), Block (XYZ.US), and Zillow-A (ZG.US) [4][5] - The top five sold-out positions were Apollo Global Management (APO.US), Qualcomm (QCOM.US), Uber (UBER.US), Datadog (DDOG.US), and Atlassian (TEAM.US) [5][6] - The turnover rate for the portfolio was 25.93%, indicating a relatively active trading strategy [2]