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Year Founded: 1990

AUM: $548B | Dry Powder: $38.9B

9 West 57th Street, 43rd Floor, New York, NY 10019, US

Apollo Global Management is a private equity and investment management firm headquartered in New York City, US. Apollo specializes in credit-oriented capital and real estate markets. The firm prefers to invest in business services, financial services, leisure, manufacturing, industrial sector, etc.

Key Contacts

  • Marc Rowan

    Co-Founder, Chief Executive Officer & Board Member

  • Johannes Worsoe

    Chief Financial Officer & Partner

  • Martin Kelly

    Chief Financial Officer

Investment Preferences

  • Preferred Industries

    Energy Equipment, Chemicals and Gases, IT Services, Commercial Transportation, Retail, Semiconductors, Commercial Banks, Agriculture, Communications and Networking, etc.

  • Geographical Preference

    Asia, Central America, Europe, Middle East, South America, US

  • Preferred Deal Types

    Buyout/LBO, GP Stakes, PE Growth/Expansion

  • Other Investment Preferences

    Invests in GP Stakes, Prefers majority stake, Prefers minority stake, Seeks ESG investments, Seeks Impact investments

Investments By Year

Source: Pitchbook

Funds Closed

Origination Partnership Fund I
Vintage: 2022

Size: $2.4B

Dry Powder: $1.6B

Details: The fund prefers companies that generate over $100 million of EBITDA

Infrastructure Opportunities Fund II
Vintage: 2021

Size: $2.5B

Dry Powder: $1.6B

Details: The fund targets infrastructure sector and prefers to make investments in the US and Asia

Natural Resources Partners III
Vintage: 2020

Size: $1.4B

Dry Powder: $619M

Details: The fund targets the energy sector

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In October 2022, Doral Renewables USA entered into a financing agreement with funds managed by Apollo Global Management, Inc., Migdal Insurance, and Bank of America to secure up to $1.1 billion of growth capital for its 10GWac project pipeline. Doral is a developer and operator of renewable energy projects intended to create jobs, invest in communities and promote a cleaner planet

In August 2022, Apollo Global Management and New Fortress Energy (NFE) formed a JV, namely, Energos Infrastructure. The JV is owned c.80% by Apollo-managed funds and the remaining by NFE. In support of the transaction, the debt financing was provided by Brookfield Asset Management, Global Infrastructure Partners, HPS Investment Partners and The Carlyle Group. Energos Infrastructure will provide critical infrastructure for the delivery, storage and regasification of LNG to power countries around the world

In July 2022, Apollo Global Management invested $175 million of development capital in Summit Ridge Energy. Summit Ridge Energy is an operator of a solar plant community intended to serve residential customers, businesses and public organisations and will utilize the capital to expand its geographic footprint and scale up its platform

In February 2022, Tenneco, a manufacturer of specialty microelectronic components entered into a definitive agreement to be acquired by Apollo Global Management through an estimated $7.1 billion public-to-private LBO. The acquisition will allow the company to continue to invest in and grow its multiple segments and global footprint

In December 2020, Renew, a provider of operations and maintenance services intended for the renewable energy market was acquired by Takkion Holdings, via its financial sponsor Apollo Global Management, through an LBO

In August 2020, Apollo Global Management invested $265 million of development capital through convertible debt and equity to acquire an equity stake in US Wind. The capital will be used to fund development and construction costs associated with a major offshore wind energy project off the coast of Maryland

In January 2020, energy infrastructure company New Fortress Energy raised $800 million 3-year term loan from funds managed by Apollo Global Management. Proceeds will be used to fund the development and construction of the company’s energy infrastructure projects globally

In March 2019, Apollo Global Management LLC. acquired a 6% stake in independent power producer Clearway Energy Inc.

In October 2018, Apollo Global Management, LLC acquired an approximately $1 billion portfolio, from GE Capital’s Energy Financial Services unit. The Equity Portfolio comprises approximately 20 investments in renewable energy, contracted natural gas fired generation and midstream energy infrastructure assets, primarily in the US. Financial details of the transaction were not disclosed

Other Details

Apollo Global Management employs 2,100 employees, including more than 680 investment professionals worldwide. The company’s asset management business seeks to provide its clients with return along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. Its retirement services business, Athene, provides a suite of retirement savings products to help clients

Apollo’s latest open fund, namely, Apollo Investment Fund X, is a buyout fund managed by Apollo Global Management with a target size of $25 billion. The fund is located in New York, US

Accel-KKR, 3M Ventures, 360 Capital Partners, 21st Century Fox, ABN AMRO Bank, ABRY Partners, Alchemy Partners, Audax Group, Bain Capital Credit, Berry Global, Blackstone, Citigroup, Credit Suisse, Deutsche Bank are some of the co-investors who invest alongside Apollo Global Management

Source: Pitchbook, Company Website, Press Release