Apollo Global Management

Barclays Appoints Two New Senior Hires Into Its Financial Sponsors Group

Retrieved on: 
Thursday, September 14, 2023

Barclays today announces the appointment of Christian Oberle as Head of Americas Financial Sponsors Group.

Key Points: 
  • Barclays today announces the appointment of Christian Oberle as Head of Americas Financial Sponsors Group.
  • Mr. Oberle will be based in New York and report to Jean-Francois Astier, Global Head of Financial Sponsors Group.
  • In addition, Barclays is also pleased to announce the appointment of Tom Vignon as a Managing Director and senior member of its Financial Sponsors Group in EMEA.
  • “We are delighted to welcome Christian and Tom to Barclays and to our Financial Sponsors practice, which has long been one of the key strengths of our Investment Banking franchise,” said JF Astier, Head of Financial Sponsors Group at Barclays.

CAIS Expands Strategies of Leading Alternative Asset Managers Amid Accelerated Demand from Independent Advisors

Retrieved on: 
Thursday, September 14, 2023

CAIS, the leading alternative investment platform for independent financial advisors, today announced an expanded menu of strategies from twelve leading alternative asset managers, underscoring their commitment to the independent wealth channel.

Key Points: 
  • CAIS, the leading alternative investment platform for independent financial advisors, today announced an expanded menu of strategies from twelve leading alternative asset managers, underscoring their commitment to the independent wealth channel.
  • Apollo Global Management, Ares Management Corporation, Bain Capital, Blue Owl Capital, The Carlyle Group, Fidelity Investments, Franklin Templeton, KKR, Neuberger Berman, Nuveen, Partners Group, and StepStone Group are among the alternative asset managers launching or expanding wealth-centric strategies on the CAIS platform.
  • “With nearly 9 in 10 financial advisors set to increase their allocations to alternatives by 2025, asset managers recognize the opportunity within independent wealth management to grow and diversify their investor base,” said Matt Brown, Founder and CEO, CAIS.
  • Asset managers also benefit from CAIS’ robust array of features enhancing the alternative investing experience, including pre-trade, trade, and post-trade technology, a custom online education offering (CAIS IQ), digital marketing support, and integrations with leading custodians, reporting providers, fund administrators, and transfer agents.

Fin Capital Announces Formation of Advisory Board

Retrieved on: 
Tuesday, September 12, 2023

Fin Capital , a global asset manager specializing in B2B FinTech, today announced the launch of its advisory board.

Key Points: 
  • Fin Capital , a global asset manager specializing in B2B FinTech, today announced the launch of its advisory board.
  • Comprised of leaders across several investment and operating disciplines, the board will provide important support to both the firm and its portfolio companies.
  • The advisory board will aid and assist Fin Capital's investment and platform teams in evaluating investment opportunities, business development across the firm's multi-stage portfolios, and adding talent to underlying management teams.
  • Jordi Nieto Gabarró: Founder and CEO of Crillon Capital Partners (Former Sabertia Capital Partners), a leading investment banking boutique with a presence in more than 20 countries.

Trinseo Announces Completion of Transaction to Refinance $660 million 2024 Term Loan and $385 million of 2025 Senior Notes

Retrieved on: 
Friday, September 8, 2023

Proceeds will be used to refinance the entirety of the Company’s outstanding 2024 term loan and $385 million of its existing $500 million 2025 Senior Notes.

Key Points: 
  • Proceeds will be used to refinance the entirety of the Company’s outstanding 2024 term loan and $385 million of its existing $500 million 2025 Senior Notes.
  • The financing process was very competitive, a testament to investors’ strong belief in the long-term outlook for the business.
  • We welcome the support and partnership from leading investors Oaktree, Angelo Gordon and Apollo.”
    Bozich continued, “I want to thank our employees, customers and suppliers for their partnerships in managing through the current challenging demand environment.
  • Paul Hastings LLP acted as legal counsel to Oaktree, Angelo Gordon, and Apollo.

POWER SUSTAINABLE ANNOUNCES US$600M COMMITMENT TO GLOBAL HIGH-YIELD INFRASTRUCTURE CREDIT STRATEGY

Retrieved on: 
Thursday, September 7, 2023

MIAMI and MONTREAL, Sept. 7, 2023 /PRNewswire/ -- Power Sustainable, an alternative asset manager and wholly owned subsidiary of Power Corporation of Canada (TSX: POW), announces a US$600 million commitment for the Power Sustainable Infrastructure Credit ("PSIC") strategy. Commitments to the strategy were made by subsidiaries of Great-West Lifeco ("Lifeco").

Key Points: 
  • MIAMI and MONTREAL, Sept. 7, 2023 /PRNewswire/ -- Power Sustainable, an alternative asset manager and wholly owned subsidiary of Power Corporation of Canada (TSX: POW), announces a US$600 million commitment for the Power Sustainable Infrastructure Credit ("PSIC") strategy.
  • The strategy seeks to directly originate, structure, and manage infrastructure credit assets that demonstrate positive sustainability characteristics.
  • PSIC targets investments in the energy and decarbonization, transportation and logistics, digital infrastructure, social infrastructure, and utilities and recycling sectors.
  • "We believe that infrastructure credit is well-positioned to deliver favorable risk-adjusted returns with substantial downside protection," said Managing Partner, Tom Murray.

26North Announces Addition of Seven Partners, Launches Direct Lending Team

Retrieved on: 
Wednesday, September 6, 2023

NEW YORK, Sept. 6, 2023 /PRNewswire/ -- Today, 26North Partners LP (26North), a next-generation alternatives platform founded by Josh Harris, announced that seven new partners with deep experience across every aspect of the asset management industry have joined the firm: Larry Berg, Jon Garcia, Andrew Rabinowitz, David Yu, Michael Mastropaolo, Jordan Walter and Jorge Beruff. As 26North marks its first year, the company reported an increase in total assets under management to $12.7 billion.

Key Points: 
  • The seven new partners will deepen 26North's private equity, operations, direct lending and insurance capabilities.
  • "I'm thrilled to welcome these exceptional business builders and leaders who share my values and vision for 26North.
  • Larry Berg joins 26North as a Partner in private equity, working closely with Mark Weinberg, 26North's Head of Private Equity.
  • Three additional partners join 26North to support the launch of its new Direct Lending business under the leadership of Brendan McGovern.

ATHLETES.ORG (AO) LAUNCHES TO ORGANIZE COLLEGE ATHLETES, SHAPE THE FUTURE OF COLLEGE SPORTS

Retrieved on: 
Wednesday, August 23, 2023

NEW YORK , Aug. 23, 2023 /PRNewswire/ -- Jim Cavale and Brandon Copeland today announced the launch of Athletes.org (AO), a 501c non-profit organization designed exclusively for college athletes to receive on-demand support in navigating their respective college athletics experience and a voice to speak into the future of college athletics.

Key Points: 
  • All athletes who sign up for their free AO membership will have an exclusive login to their AO member app.
  • "College and amateur athletics are at a pivotal moment in history," said Athletes.org Founder and Chairman, Jim Cavale.
  • "It's important that all college athletes have the support to make the best decisions for their respective futures.
  • It's also vital that the perspective of college athletes is included in the decisions that will shape the future of our industry.

Apollo Prices Offering of Fixed-Rate Resettable Junior Subordinated Notes

Retrieved on: 
Wednesday, August 16, 2023

NEW YORK, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer,” and together with its consolidated subsidiaries, “Apollo”) today announced that it has priced an offering of $600 million aggregate principal amount of its 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053 (the “notes”).

Key Points: 
  • NEW YORK, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer,” and together with its consolidated subsidiaries, “Apollo”) today announced that it has priced an offering of $600 million aggregate principal amount of its 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053 (the “notes”).
  • The notes will be fully and unconditionally guaranteed by Apollo Asset Management, Inc. (“AAM”), Apollo Principal Holdings I, L.P., Apollo Principal Holdings II, L.P., Apollo Principal Holdings III, L.P., Apollo Principal Holdings IV, L.P., Apollo Principal Holdings V, L.P., Apollo Principal Holdings VI, L.P., Apollo Principal Holdings VII, L.P., Apollo Principal Holdings VIII, L.P., Apollo Principal Holdings IX, L.P., Apollo Principal Holdings X, L.P., Apollo Principal Holdings XII, L.P., AMH Holdings (Cayman), L.P. and Apollo Management Holdings, L.P.
  • The notes will bear interest at a fixed rate of 7.625% per year until December 15, 2028 (the “First Call Date”).
  • The net proceeds from the offering will be approximately $586.3 million, after deducting underwriting discounts but before offering expenses.

Apollo to Offer Fixed-Rate Resettable Junior Subordinated Notes

Retrieved on: 
Wednesday, August 16, 2023

NEW YORK, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer,” and together with its consolidated subsidiaries, “Apollo”) today announced that it has commenced an offering of its Fixed-Rate Resettable Junior Subordinated Notes (the “notes”), subject to market and other conditions (the “Offering”).

Key Points: 
  • NEW YORK, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer,” and together with its consolidated subsidiaries, “Apollo”) today announced that it has commenced an offering of its Fixed-Rate Resettable Junior Subordinated Notes (the “notes”), subject to market and other conditions (the “Offering”).
  • The notes will be fully and unconditionally guaranteed by Apollo Asset Management, Inc. (“AAM”), Apollo Principal Holdings I, L.P., Apollo Principal Holdings II, L.P., Apollo Principal Holdings III, L.P., Apollo Principal Holdings IV, L.P., Apollo Principal Holdings V, L.P., Apollo Principal Holdings VI, L.P., Apollo Principal Holdings VII, L.P., Apollo Principal Holdings VIII, L.P., Apollo Principal Holdings IX, L.P., Apollo Principal Holdings X, L.P., Apollo Principal Holdings XII, L.P., AMH Holdings (Cayman), L.P. and Apollo Management Holdings, L.P. Apollo expects to grant the underwriters a 30-day option to purchase additional notes solely to cover over-allotments, if any.
  • This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
  • This press release shall not constitute a notice of redemption with respect to the AAM Preferred Stock.

Arconic Completes Transaction with Apollo Funds

Retrieved on: 
Friday, August 18, 2023

Arconic Corporation (“Arconic” or the “Company”) and Apollo (NYSE: APO) today announced that Apollo Funds have completed the previously announced acquisition of the Company, which includes a minority investment from funds managed by affiliates of Irenic Capital Management (“Irenic”).

Key Points: 
  • Arconic Corporation (“Arconic” or the “Company”) and Apollo (NYSE: APO) today announced that Apollo Funds have completed the previously announced acquisition of the Company, which includes a minority investment from funds managed by affiliates of Irenic Capital Management (“Irenic”).
  • Tim Myers, Arconic Chief Executive Officer, said, “The closing of this transaction with Apollo Funds brings new perspective combined with deep industry expertise that will benefit our customers, employees, investors, and the communities where we operate.
  • and Goldman Sachs & Co. LLC served as financial advisors to Arconic, and Wachtell, Lipton, Rosen & Katz served as legal counsel to Arconic.
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the Apollo Funds.