Apollo Global Management

Fin Capital Announces Formation of Advisory Board

Retrieved on: 
Tuesday, September 12, 2023
Banking, Fintech, Professional Services, Finance, Diamond, NASP, SK, Senior, Committee, SGX, Investment, Robotics, Capital, Principal, National Association, CPO, Boston Consulting Group, Risk, HKSE, Risk management, Banque Indosuez, Government, USRobotics, Partner, Knowledge, Growth, Security (finance), CIO, Harbert Management Corporation, Apollo Global Management, 3Com, Norwest Venture Partners, Citigroup, Engineering, Merrill (company), GIC, Information technology, Financial services, Senior advisor, Performance management, Stanford University, Boston, Private limited company, Yucaipa Companies, Harvard Innovation Labs, Mastercard, Hertz, SEI, Freeman Vineyard & Winery, Cryptocurrency, Management, Governance

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
Automotive Manufacturing, Manufacturing, Textiles, Packaging, Chemicals, Plastics, Oaktree Capital Management, Centerview Partners, Note, Partnership, Angelo Gordon, Debt-to-GDP ratio, PMMA, Ropes & Gray, NYSE, Apollo Global Management, TSE, Bank, Trinseo

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
Operating partner, Macquarie Group, Partnership, Head, Great-West Lifeco, Partner (business rank), Recycling, Carbon, I Squared Capital, Investment, Power Corporation of Canada, TSX, Transport, Atlantic Power Corporation, Apollo Global Management, Public utility, Renewable energy

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
American Energy Partners, LP, Mace Head Atmospheric Research Station, Insurance, Executive, ABC Supply, JPMorgan Chase, Private equity, Goldman Sachs, Partner, Laureate Education, Goodman Global, Jacuzzi, GE Capital, Jordan, Connections Academy, McKinsey & Company, Marathon Asset Management, Berlitz Corporation, Hospital, McGraw Hill Education, Partnership, Apollo Education Group, Apollo Global Management, Cryptocurrency, Bank, EBITDA

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
NCAA, Apollo Global Management, Nazi Party/Foreign Organization, AO, Life, 501(c) organization, D1, Senior advisor, IOS, NCAA D1, Human, History, Human voice, Knight Commission, Massachusetts Charter School Athletic Organization, Athlete, Investment, Knowledge, Management

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
Attention, Varick Street, Deutsche Bank, APO, Telephone, AAM, BofA Securities, Electric Bond and Share Company v. Securities and Exchange Commission, Sale, Apollo, RBC Capital Markets, Goldman Sachs, Suite, Prospectus, Citigroup, Wells Fargo, United States Department of the Treasury, UBS, 2nd Floor, NYSE, Apollo Global Management, Security (finance)

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
Attention, Varick Street, APO, Telephone, AAM, BofA Securities, Electric Bond and Share Company v. Securities and Exchange Commission, Sale, Apollo, Suite, Prospectus, Offering, Wells Fargo, UBS, 2nd Floor, NYSE, Apollo Global Management, Security (finance)

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
Automotive Manufacturing, Aerospace, Manufacturing, Construction & Property, Professional Services, Architecture, Asset Management, Steel, Packaging, Machinery, Machine Tools, Metalworking & Metallurgy, LLP, BMO Capital Markets, Apollo Global Management, Wachtell, Lipton, Rosen & Katz, TD, APO, ARNC, TD Securities, Goldman Sachs, Corporation, Acquisition, Wells Fargo, Willkie Farr & Gallagher, Paul, Weiss, Rifkind, Wharton & Garrison, NYSE, Financial adviser, Arconic, Irenicism

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.

Cresset Names Bradley Schneider Head of Private Credit

Retrieved on: 
Wednesday, August 9, 2023
University, Sounding Point, Senior, Lehman Brothers, Credit analyst, Business, BBA, Bradley, Partner, Investment, CPCF, Knowledge, Apollo Global Management, Private credit, Bank, Cresset

CHICAGO, Aug. 9, 2023 /PRNewswire/ -- Cresset announced today that it has hired Bradley Schneider as Managing Director, Head of Private Credit. Schneider, who most recently was Head of Private Credit with Midwest Holding, brings more than 20 years of experience focused on private and alternative credit investing. In his role with Cresset, he will be responsible for the strategic leadership and expansion of Cresset's holistic private credit program, including Cresset's flagship private credit vehicle (CPCF).

Key Points: 
  • CHICAGO, Aug. 9, 2023 /PRNewswire/ -- Cresset announced today that it has hired Bradley Schneider as Managing Director, Head of Private Credit.
  • Schneider, who most recently was Head of Private Credit with Midwest Holding, brings more than 20 years of experience focused on private and alternative credit investing.
  • In his role with Cresset, he will be responsible for the strategic leadership and expansion of Cresset's holistic private credit program, including Cresset's flagship private credit vehicle (CPCF).
  • "Bradley brings exactly the depth of experience in private credit that is needed in this dynamic market and economic environment.

Apollo Upsizes and Prices Offering of Mandatory Convertible Preferred Stock

Retrieved on: 
Wednesday, August 9, 2023
Exercise, Attention, BNP PARIBAS, BMO Capital Markets, Varick Street, U.S. Bancorp, APO, MUFG, Telephone, Michigan Office of Retirement Services, BofA Securities, SMBC Nikko Securities, Goldman Sachs, Sale, RBC Capital Markets, Prospectus, VWAP, Citigroup, Wells Fargo, J. P. Morgan, UBS, Retirement, 2nd Floor, NYSE, Convertible, Apollo Global Management, Barclays, Security (finance)

NEW YORK, Aug. 08, 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 $1,250.0 million (25,000,000 shares) of its 6.75% Series A Mandatory Convertible Preferred Stock, par value $0.00001 per share (the “Mandatory Convertible Preferred Stock”) at a price to the public and liquidation preference of $50.00 per share.

Key Points: 
  • NEW YORK, Aug. 08, 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 $1,250.0 million (25,000,000 shares) of its 6.75% Series A Mandatory Convertible Preferred Stock, par value $0.00001 per share (the “Mandatory Convertible Preferred Stock”) at a price to the public and liquidation preference of $50.00 per share.
  • The underwriters have a 30-day option to purchase up to an additional $187.5 million (3,750,000 shares) of Mandatory Convertible Preferred Stock solely to cover over-allotments, if any.
  • The net proceeds from the Mandatory Convertible Preferred Stock offering will be approximately $1,219 million (or approximately $1,402 million if the underwriters exercise their option to purchase additional shares in full), after deducting underwriting discounts but before offering expenses.
  • This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the Mandatory Convertible Preferred Stock or any other securities, and shall not constitute an offer, solicitation or sale of the Mandatory Convertible Preferred Stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.