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].

Group 1: Wearables and IPOs - Meta Platforms (META) is set to unveil new smart glasses named "Celeste" with a built-in display at a retail price of $800 [1] - StubHub (STUB) is going public today after several delays, pricing its shares amid a recovering IPO market in 2025 [1] Group 2: Manufacturing Investments - GSK (GSK) announced a $30 billion investment in R&D and manufacturing in the United States [2] - Eli Lilly (LLY) revealed plans for a new $5 billion production plant in Virginia [2] Group 3: Federal Reserve Insights - Danielle DiMartino Booth discussed significant changes at the Federal Reserve, highlighting the impact of easy credit on consumer spending [2] - The conversation noted the reality of stagflation at the company level, with a margin squeeze being observed [2] Group 4: Retail and Media Developments - Kroger (KR) is reintroducing paper coupons as part of its retail strategy [3] - Paramount Skydance's bid for Warner Bros. (WBD) may take longer than expected [3] - Apollo Global (APO) is exploring the sale of AOL, an internet pioneer [4] Group 5: Technology and Transportation - Baidu (BIDU) shares surged as investors anticipate growth in AI [4] - Waymo is set to test robotaxis at San Francisco International Airport [5] Group 6: Market Updates - In Asia, Japan's market decreased by 0.3%, while Hong Kong increased by 1.8% [6] - In Europe, London saw a slight increase of 0.2%, while Paris decreased by 0.1% [6] - Futures indicate a slight increase in Dow by 0.1%, with S&P flat and Nasdaq down by 0.1% [6]

Group 1 - Apollo acquired AOL in 2021, indicating a strategic investment in digital media [1] - A potential new deal for AOL could be valued at approximately $1.5 billion, suggesting significant interest in the asset [1]

PresentationCraig SiegenthalerBofA Securities, Research Division Good morning, everyone. It's good to see everyone. This is Craig Siegenthaler, North American Head of Diversified Financials at Bank of America. So we're very pleased to introduce Jim Zelter, President of Apollo. So Jim joined Apollo back in 2006. He ran their most successful business over that period, the credit business. He currently sits on the Board of Directors and the management team. We also have Noah Gunn in the front row, who's Head ...

(Bloomberg) -- Private credit’s effort to finance investment-grade companies is going to come down to its partnerships with banks, according to Apollo Global Management Inc. President Jim Zelter. “The future of IG private credit is really in partnership with the banks — no doubt about it,” Zelter said in an interview with Bloomberg TV. Apollo has 12 origination partnerships with banks, according to Zelter, in addition to its own deal-sourcing teams. Those include tie-ups with BNP Paribas SA, Citigroup In ...

Group 1 - Apollo is currently 15% off year to date, with expectations to grow earnings and revenue by almost 20% in 2026 [1] - FTA has experienced a strong performance, and as interest rates decrease, their lending spreads are expected to increase, potentially pushing the stock above 200 [1] - There is a positive outlook for materials linked to lower interest rates, driven by cyclical impulses and ongoing geopolitical tensions [1] Group 2 - There is a perceived opportunity in sectors related to precious metals, with a soft affirmation of gold prices [2] - Uber has reached a new all-time high, approaching 100 dollars, indicating strong market performance [2]

Group 1 - Trade Republic, a German online broker, has partnered with Apollo Global Management and EQT to provide retail investors access to private markets, which have traditionally been available only to institutions and wealthy individuals [4] - The partnership aims to democratize investment opportunities for retail clients, allowing them to invest in asset classes that were previously out of reach [4] - This initiative reflects a growing trend in the fintech industry to broaden access to private market investments for a wider audience [4]