Apollo Global Management
Apollo continues to trim stake in Australia's Ventia
Apollo Global Management has made its third partial exit this year from Australia-based Ventia Services Group – a maintenance services business carved out from Leighton Holdings in 2014 – with approximately AUD 240m (USD 153m) in proceeds.
CVC hires India partner from Apollo
CVC Capital Partners has recruited Nikhil Gahrotra, an India-based partner at Apollo Global Management, to its private equity team.
Global dealmakers highlight private credit, continuation funds – AVCJ Forum
Private credit and secondary continuation funds have emerged as popular themes globally as high interest rates, geopolitical tensions, and macro uncertainty persist, GPs told the AVCJ Private Equity & Venture Forum Japan 2023.
Apollo’s Rowan tips alternatives allocations to top 50% - AVCJ Forum
Marc Rowan, CEO of Apollo Global Management, told the AVCJ Private Equity & Venture Forum that he expects most investors to have an alternatives allocation of at least 50% within five years.
Hong Kong vs Singapore: No zero-sum game
Pandemic-related restrictions have dented confidence in Hong Kong as a private equity hub, while Singapore is on a roll. But gains for one don’t necessarily translate into losses for the other
Japan's Sumitomo Mitsui commits $1.5bn to Apollo
Japan’s Sumitomo Mitsui Trust Holdings has signed up to an alternatives co-investment program run by Apollo Global Management, taking the total capital raised from Asia-based LPs to more than USD 5bn.
Private wealth: Talent war
A shortage of fundraisers familiar with the high-net-worth segment is being keenly felt in Asia as global GPs look to raise more capital through private bank channels
Permanent capital: A bridge too far?
GPs are increasingly looking for ways to hold assets beyond the traditional fund timeline, but perpetual and long-dated capital largely remain the preserve of global firms and smaller specialists
Apollo commits $125m to India's Hero FinCorp
Apollo Global Management has invested USD 125m in Hero FinCorp, an Indian non-banking financial company (NBFC) controlled by local two-wheeler manufacturer Hero Motorcorp.
Key takeaways: Apollo Global Management’s Marc Rowan
High valuations, pursuing complexity, and eradicating write-offs were on the agenda when Marc Rowan, co-founder and CEO of Apollo Global Management, spoke at the AVCJ Forum. Here are some highlights
Apollo prioritizes yield, hybrid strategies in Asia - AVCJ Forum
Apollo Global Management’s yield and hybrid businesses – rather than private equity – are likely to account for the bulk of its activity in Asia, with Marc Rowan, the firm’s co-founder and CEO, saying he has no desire to “add to the growing...
Apollo bulks up credit team as part of Asia expansion
Apollo Global Management has recruited three professionals from Commonwealth Bank of Australia (CBA) to join its Asia Pacific credit business.
Apollo hires Evercore Asia head for IR role
Ian Bell, formerly head of the Asia Pacific private funds group at placement agent Evercore, has joined Apollo Global Management to lead fundraising and investor relations in the region.
Apollo offers $3.1b for Australia sports betting business
Apollo Management has submitted a A$4 billion ($3.1 billion) bid for the wagering and media and gaming services businesses of Tabcorp Holdings, Australia’s largest gambling company.
Apollo, ICICI Venture end India special situations partnership
Apollo Global Management and India’s ICICI Venture have agreed to terminate Aion Capital Partners, a joint venture that manages a special situations fund in the country.
Baring Asia executives forgo salary to support COVID-19 efforts
Baring Private Equity Asia’s (BPEA) investment committee, including CEO Jean Eric Salata, will contribute 100% of their annual base salaries to a COVID-19 relief fund. The $5 million vehicle will also include commitments from the firm’s balance sheet...
Apollo appoints ex-Bain executive to head up Japan
Apollo Global Management has appointed Tetsuji Okamoto, previously of Bain Capital, as head of Japan to lead the buildout of its private equity business in the country.
Apollo's Mintoo Bhandari to step back from India leadership
Mintoo Bhandari (pictured), the head of India for Apollo Global Management, is planning to scale back his involvement at the firm to focus on social impact investing.
Asia fundraising: Demand and supply
Capital is pouring into the asset class, globally and in Asia, to the benefit of brand-name buyout managers. Deploying a large fund in Asia means squeezing as much deal flow as possible out of each jurisdiction
China's Zhongwang acquires PE-owned Aleris for $2.3b
A unit of China Zhongwang has agreed to buy US aluminum company Aleris Corporation in a deal worth $2.3 billion, facilitating an exit for majority owner Oaktree Capital Management.
Apollo, ICICI to form India distressed asset JV
Apollo Global Management and ICICI Bank have agreed to launch a joint venture for investments in distressed assets in India.
Apollo, IFC form $1b emerging markets distress partnership
The International Finance Corporation (IFC), the investment arm of the World Bank, has formed a $1 billion partnership with Apollo Global Management to invest in distressed assets in emerging markets.
Apollo agrees partial exit from Australia's Nine
Apollo Global Management has agreed to sell a 13% stake in Australia’s Nine Entertainment to regional broadcaster WIN Corp.