Core Viewpoint - Apollo Global Management plans to launch a $5 billion sports investment fund, marking its first dedicated permanent capital allocation for the sports sector, reflecting a growing trend of private equity firms entering the rapidly expanding sports finance market [1][2] Group 1: Investment Strategy - The new fund will employ a dual investment strategy, providing loans to sports leagues and teams while also acquiring club equity, allowing for stable debt returns and participation in long-term asset appreciation [2] - Apollo's existing investments in the sports sector, including an £80 million loan to Nottingham Forest FC secured by club assets, illustrate its investment strategy [2][3] - The company is also in negotiations to acquire equity in Atlético Madrid, indicating its interest in directly holding quality sports assets [3] Group 2: Market Dynamics - The sports finance market is attracting significant attention from private equity due to traditional lenders' cautious approach, allowing private firms to fill the gap and achieve high returns through quick decision-making and flexible structures [2][3] - Other private equity giants, such as CVC and Ares Management, are also actively investing in the sports sector, indicating a competitive landscape that is driving up transaction valuations and providing more financing options for sports organizations [4][5]

Group 1 - Apollo Global Management plans to launch a $5 billion sports investment fund, marking its first dedicated permanent capital allocation for the sports sector [1][2] - The new fund will focus on lending to sports leagues and teams, as well as acquiring club equity, indicating a systematic approach to sports investments [1][2] - The sports finance market is attracting private equity interest due to traditional lenders' insufficient services in this area, allowing private firms to deploy capital quickly for high returns [1][2] Group 2 - The fund will employ a dual investment strategy, providing loans to sports leagues and teams while also acquiring club equity, which offers stable debt returns and long-term asset appreciation [2][3] - Apollo's existing sports investment portfolio includes notable transactions, such as an £80 million loan to Nottingham Forest FC secured by club assets, and a £40 million loan to Sports Invest Holdings at a 10.25% interest rate [2][3] - Apollo is actively seeking direct ownership of quality sports assets, as evidenced by negotiations to acquire a stake in Atlético Madrid and previous considerations for financing a Manchester United acquisition [3] Group 3 - Apollo is not the only private equity firm interested in sports investments; competitors like CVC and Ares Management are also making significant moves in this space [4][5] - The increasing number of private equity firms entering the sports investment sector is expected to drive up transaction valuations while providing more financing options for sports organizations [6]

Core Insights - Apollo has appointed Yasuo Kashiwagi as Head of Japan to enhance its role in providing flexible private capital solutions in the Japanese market [1][3] - The firm has been active in Asia Pacific for nearly two decades, with a dedicated Tokyo office established in 2019, and has expanded its local team to over 30 professionals [2][3] - The appointment of Kashiwagi is aimed at driving Apollo's strategic growth in Japan, focusing on deepening institutional and regulatory relationships [3][4] Company Strategy - Apollo's strategy in Japan is to provide tailored capital solutions that align with the long-term needs of institutions and corporates, particularly in light of Japan's demographic challenges [4] - The firm aims to build trusted relationships and deliver scalable, flexible capital to address urgent demands for retirement income solutions [4] - Kashiwagi's leadership is expected to enhance Apollo's integrated platform, which manages approximately $20 billion in assets in Japan, offering a full suite of investment strategies [4][5] Market Position - The Japanese market presents long-term structural trends that align with Apollo's strengths, as institutions increasingly seek private capital for financing and partnerships [4] - Apollo's recent activities in Japan include expanding its wealth management, credit, and hybrid businesses, as well as forming new partnerships to enhance lending and retirement offerings [4] - As of June 30, 2025, Apollo manages $840 billion in assets globally, indicating its significant presence and growth potential in the alternative asset management sector [5]

Company Overview - Apollo is a high-growth, global alternative asset manager with a focus on providing clients excess returns across the risk-reward spectrum from investment grade credit to private equity [2] - As of June 30, 2025, Apollo had $840 billion in assets under management, showcasing its significant scale in the asset management industry [2] Business Segments - Apollo's asset management business aims to meet the financial return needs of clients and offers innovative capital solutions for growth [2] - Through its retirement services business, Athene, Apollo specializes in providing retirement savings products and solutions to institutions, helping clients achieve financial security [2] Leadership Engagement - Jim Zelter, President of Apollo Global Management, will participate in a fireside chat at the Barclays Global Financial Services Conference on September 9, 2025, at 9:45 am EDT, indicating the company's active engagement with investors [1]

Company Overview - Kelvion is a leading global provider of energy-efficient heat exchange and cooling solutions, with a strong presence in thermal management across various industrial and high-growth markets [2][8] - The company has a significant focus on advanced cooling technologies for data centers, which is its largest and fastest-growing segment [2] - Kelvion plays a crucial role in key energy transition markets, including carbon capture, hydrogen, electrification, renewables, and heat pumps, delivering reliable and sustainable solutions globally [2] Acquisition Details - Apollo-managed funds have agreed to acquire a majority stake in Kelvion from Triton, which will retain a minority interest [1] - The transaction is subject to regulatory approvals and is expected to close between Q4 2025 and Q1 2026 [5] Strategic Positioning - Kelvion has undergone a significant transformation since being acquired by Triton in 2014, shifting its portfolio towards secular megatrends in High Tech and Green Tech [3] - The company is well-positioned to benefit from large secular tailwinds, including the AI and cloud revolution, energy transition, and reindustrialization [4] Management Insights - Apollo's partners expressed confidence in Kelvion's management team and their ability to continue transforming the business into a leading solutions provider [4] - Kelvion's CEO highlighted the company's strength and commitment to innovation, emphasizing the importance of Apollo's expertise in clean energy and industrial technology as a new partner [4] Financial Commitment - Over the past five years, Apollo-managed funds have committed, deployed, or arranged approximately $58 billion in climate and energy transition-related investments [4]

Core Insights - Apollo-managed funds have agreed to acquire a majority stake in Kelvion, a leading provider of energy-efficient heat exchange and cooling solutions, while Triton will retain a minority interest in the company [1][4]. Company Overview - Kelvion, founded and headquartered in Germany, has over a century of experience and is recognized for its thermal management solutions across various industrial and high-growth markets [2][8]. - The company is a leader in advanced cooling technologies for data centers, which is its largest and fastest-growing segment, and plays a significant role in energy transition markets such as carbon capture and renewables [2][3]. Strategic Transformation - Since Triton's acquisition and rebranding of the company in 2014, Kelvion has transformed its portfolio to focus on megatrends in High Tech and Green Tech, enhancing operational excellence and expanding its global customer base [3][4]. - The management team has successfully positioned Kelvion at the forefront of global industrial innovation, emphasizing the importance of energy-efficient solutions [4][9]. Investment and Growth Potential - Apollo's investment is expected to support Kelvion's growth trajectory, innovation, and talent acquisition, leveraging Apollo's expertise in clean energy and industrial technology [4][5]. - Over the past five years, Apollo-managed funds have committed approximately $58 billion to climate and energy transition-related investments, indicating a strong focus on sustainable growth [4][11]. Market Position and Future Outlook - Kelvion is well-positioned to benefit from significant secular tailwinds, including the AI and cloud revolution, energy transition, and reindustrialization [4][5]. - The transaction is anticipated to close between Q4 2025 and Q1 2026, pending regulatory approvals [5].

Company Overview - Trace3 is a leading provider of digital transformation and IT solutions for commercial and enterprise clients, including many Fortune 500 companies [2] - Founded in 2002, Trace3 has established a strong market position with expertise in artificial intelligence, cloud, security, data and analytics, managed services, and emerging technology [2] - The company is well-positioned to benefit from the increasing demand for next-generation IT infrastructure and services as digital transformation and AI adoption accelerate [2] Strategic Investment - Apollo has agreed to acquire Trace3 from American Securities, with financial terms undisclosed; American Securities will retain a significant minority equity interest in Trace3 [1] - The partnership is expected to enhance Trace3's growth trajectory while maintaining its culture and commitment to innovation and client relationships [3] - Apollo aims to support Trace3 in meeting AI-related demand and expanding high-value service offerings, as well as pursuing strategic mergers and acquisitions to accelerate growth [3][4] Management and Expertise - Trace3's management team has successfully scaled the business and established it as a trusted partner in delivering advanced technology solutions [3] - Apollo has a strong track record in investing in the IT services and distribution sector, with prior investments in companies like Presidio and TD SYNNEX [4] Financial Context - American Securities has approximately $23 billion in assets under management and focuses on investing in North American companies with annual revenues between $200 million and $2 billion [9] - Apollo manages approximately $840 billion in assets as of June 30, 2025, and seeks to provide clients with innovative capital solutions [8]

Group 1 - The second quarter results demonstrate the strength of Apollo's business model and the disciplined operational approach, leading to positive inflows as a reward for good performance [1] Group 2 - David A. Johnson, with over 30 years of investment experience, is the founder of Endurance Capital Management and has a diverse investment portfolio including stocks, bonds, and alternative investment funds [2]

Group 1 - The U.S. President Donald Trump is set to sign an executive order allowing private equity, cryptocurrencies, and other alternative assets to be included in 401(k) retirement plans [1] - The order will instruct the U.S. Department of Labor to reassess guidelines regarding alternative asset investments in retirement plans [1] - The Labor Secretary Lori Chavez-DeRemer will coordinate with the SEC, Treasury, and other federal regulators to determine if rule modifications are necessary [1] Group 2 - The executive order aims to alleviate concerns among plan managers about offering illiquid and complex financial products to retirement plan participants [1] - Currently, most fixed contribution plans primarily consist of stocks and bonds [1] - Asset management firms view the new regulations for 401(k) plans as a growth opportunity, especially since many institutional investors have reached their private equity investment limits [1] Group 3 - Companies that may benefit from the new 401(k) regulations include Blackstone (BX.US), KKR (KKR.US), Apollo Global Management (APO.US), and BlackRock (BLK.US) [1]

人工智能(AI)热潮让科技巨头对数据中心需求激增，并持续进行巨额投资。分析显示，未来十年数据中 心将需要数万亿美元的全球投资，需要在电力、设施和半导体芯片方面进行大量投资。而包括黑石、阿 波罗等多家全球资管巨头近期也加大相关领域的投资。 阿波罗估计，在长期全球工业复兴的推动下，未来十年数据中心将需要数万亿美元的全球投资，需要在 电力、设施和半导体芯片方面进行大量投资。自2022年以来，阿波罗管理的基金已将约380亿美元用于 下一代基础设施投资，包括可再生能源、数字平台和计算能力。该公司计划在未来几年通过Stream Data Centers和其他市场参与者的资本合作伙伴大幅扩大其在这些领域的投资。今年1月，该公司同意收购 Argo Infrastructure Partners，后者专注于投资数字基础设施、可再生能源、交通运输及其他行业。 资管公司密集投资 阿波罗巨额投资数据中心 全球资管巨头阿波罗全球管理公司(APO.US)近日发布声明称，该公司已经和Stream Realty Partners("SRP")达成协议，将收购该公司旗下Stream Data Centers(SDC)的多数股权。声明并未透露此 ...