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Doral Renewables Secures $1.5 Billion of Debt and Tax Equity Financing for the Completion of Mammoth Solar
Prnewswire· 2025-05-15 15:24
PHILADELPHIA, May 15, 2025 /PRNewswire/ -- Doral Renewables LLC ("Doral") has successfully closed construction project financing for the Mammoth South, Mammoth Central I, and Mammoth Central II solar projects in Pulaski County, Indiana. The three projects, each with a generation capacity of 300 MWac, are part of the broader 1.3 GW Mammoth Solar facility. Mammoth Solar will generate enough energy to power approximately 275,000 households annually.The Mammoth South, Central I, and Central II projects will all ...
PK AirFinance Issues $729 Million Aviation Loan ABS
GlobeNewswire News Room· 2025-05-14 21:00
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]
Johnson Fistel Investigates the Fairness of Proposed Sale of Landsea Homes Corporation to New Home Co.
GlobeNewswire News Room· 2025-05-13 15:34
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]
New Home Co. to Acquire Landsea Homes Corporation, Creating a Top 25 National Homebuilder
GlobeNewswire News Room· 2025-05-12 21:35
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 ...
Bridge Investment (BRDG) - 2025 Q1 - Earnings Call Presentation
2025-05-08 20:43
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]
Juggling Investor Demands? Learn How IROs Make Every Minute Count
Globenewswire· 2025-05-08 13:00
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].
Apollo Global Management (APO) 2025 Conference Transcript
2025-05-07 13:30
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.
Apollo Management(APO) - 2025 Q1 - Quarterly Report
2025-05-07 11:46
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO APOLLO GLOBAL MANAGEMENT, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or or ...
阿波罗全球管理公司首席执行官:我们对美国品牌造成了损害。
news flash· 2025-05-05 13:53
阿波罗全球管理公司首席执行官:我们对美国品牌造成了损害。 ...
阿波罗全球管理公司首席执行官:美国正试图通过贸易谈判创造“积极势头”。
news flash· 2025-05-05 13:53
Group 1 - The CEO of Apollo Global Management stated that the U.S. is attempting to create "positive momentum" through trade negotiations [1]