Apollo Global Management has secured $8.5 billion in total commitments for its Accord+ strategy, including $4.8 billion for Accord+ Fund II. With this latest closing, Apollo’s hybrid and opportunistic credit platform now manages approximately $40 billion. The strategy focuses on selective credit investments across private corporate credit, asset-backed finance, and secondary markets. The fund attracted backing from a broad base of institutional investors, and Apollo intends to further develop the Accord strategy as part of its hybrid credit offerings.

Apollo Global Management announced it has closed $8.5 billion in total commitments for its Accord+ strategy, including $4.8 billion for Accord+ Fund II. This brings total assets across Apollo’s hybrid and opportunistic credit platform to about $40 billion. The fund targets high-conviction credit opportunities, allocating across private corporate credit, asset-backed finance, and secondary markets. The closing drew support from a global mix of institutional investors, including pension funds and sovereign wealth funds. Apollo plans to continue expanding the Accord strategy within its hybrid credit business.

Apollo Funds to Acquire Pan-European Colocation Data Center Business from STACK Infrastructure

Apollo announced that its managed infrastructure funds have agreed to acquire the European colocation business developed by STACK Infrastructure, a portfolio company of Blue Owl Digital Infrastructure Advisors. The business comprises seven interconnected data center assets across Stockholm, Oslo, Copenhagen, Milan, and Geneva, serving blue-chip clients such as telecom carriers, IT companies, and financial institutions. Following the transaction, the business will rebrand and operate independently from STACK. Apollo emphasized strong growth prospects driven by increasing demand for interconnected colocation services. The deal is subject to regulatory approvals and customary closing conditions.

Apollo and Bullrock Energy Launch $220 Million Community Solar Joint Venture

Apollo Global Management and Bullrock Energy Ventures announced a joint venture backed by a $220 million commitment from Apollo-managed funds. This investment will support nearly 500 megawatts (MW) of community solar projects across New York and New England.

**Key Highlights:**

- Apollo is contributing $100 million in equity to develop Bullrock's renewable energy pipeline.
- Bullrock operates a vertically integrated renewables platform, managing the full cycle from development to asset management.
- The collaboration will focus on expanding access to affordable, clean energy for local residents and businesses.
- The projects aim to lower energy costs, enhance grid reliability, and boost local economic development.

Apollo Partner Corinne Still emphasized the partnership's role in expanding clean power access and supporting energy transition goals. Bullrock’s leadership, Gregg and Amory Beldock, noted the strategic value of combining Bullrock’s infrastructure expertise with Apollo’s capital and platform reach.

Apollo has committed or arranged around $58 billion for climate-related investments over the past five years and targets more than $100 billion in sustainable investments by 2030 under its Climate and Transition Investment Framework (CTIF).

Apollo Appoints Gary Cohn as Lead Independent Director; Jay Clayton Steps Down Ahead of Government Role

Apollo (NYSE: APO) has announced leadership changes to its Board of Directors. Gary Cohn, Vice Chairman of IBM and former Director of the U.S. National Economic Council, has been appointed as Lead Independent Director. He succeeds Jay Clayton, who will resign from the board as he prepares to take on the role of Interim U.S. Attorney for the Southern District of New York.

In a related move, CEO Marc Rowan will assume the additional role of Chair of the Board. The appointments are part of Apollo’s ongoing commitment to strong corporate governance and strategic leadership.

Cohn brings decades of experience from his tenure at Goldman Sachs and across both public and private sectors. The company emphasized that its board will remain two-thirds independent following these changes.

Apollo Commits Up to $400 Million in New Commercial Solar Partnership With Summit Ridge Energy

Apollo Global Management has committed up to $400 million through its managed funds in a joint venture with Summit Ridge Energy to own and operate commercial solar assets across Illinois. The deal builds on a prior $175 million investment and supports over 2GW of solar projects nationwide. The partnership aims to enhance U.S. energy independence, provide savings to more than 40,000 customers, and create American jobs. Apollo’s investment contributes to its broader $58 billion commitment toward climate and energy transition-related initiatives.

Apollo Reports Preliminary Q1 Investment Results Ahead of Earnings Release
New York, NY – April 2, 2025 – Apollo Global Management, Inc. (NYSE: APO) has released preliminary estimates for its alternative net investment income for Q1 2025, ahead of its scheduled earnings report on May 2, 2025.

Apollo expects approximately $290 million (pre-tax) in alternative net investment income for the quarter ended March 31, 2025, reflecting a 9% annualized return. Subsidiary Athene Holding Ltd. saw estimated annualized returns of 10% from pooled investment vehicles and 6% from other alternative assets.

The figures are unaudited and subject to change pending final financial review. The company cautioned investors against placing undue reliance on these preliminary results.

The announcement was disclosed under Items 2.02 and 7.01 of a Form 8-K filed with the SEC and is not considered “filed” under the Exchange Act.

Apollo (NYSE: APO) plans to release financial results for the first quarter 2025 on Friday, May 2, 2025, before the opening of trading on the New York Stock Exchange. Management will review Apollo’s financial results at 8:30 am ET via public webcast available on Apollo’s Investor Relations website at ir.apollo.com. A replay will be available one hour after the event.

Apollo has announced that its funds will acquire a majority stake in OEG Energy Group, a provider of offshore energy solutions, from Oaktree Capital Management and other investors. The deal values OEG at over $1 billion, with Oaktree retaining a minority stake.

OEG operates a global fleet of 75,000+ cargo carrying units and provides services to both oil & gas and offshore wind markets. Apollo sees strong growth potential in OEG as energy transition investments expand. The transaction, subject to regulatory approvals, is expected to close in Q2 2025.

Fitch Withdraws Apollo's Mandatory Convertible Preferred Stock Rating; Corrects Error

Apollo (NYSE: APO) today announced that its 2025 Annual Meeting of Stockholders will be held virtually on June 6, 2025, at 9:30 am ET. The record date for the meeting is April 14, 2025. Information on the virtual meeting will be included in the 2025 proxy statement.

**Apollo to Acquire Bridge Investment Group in $1.5 Billion All-Stock Deal**

Apollo Global Management (NYSE: APO) has announced its acquisition of Bridge Investment Group Holdings Inc. (NYSE: BRDG) in an all-stock transaction valued at approximately $1.5 billion. This move expands Apollo’s real estate equity platform, strengthening its origination capabilities in both real estate equity and credit.

Bridge, which manages around $50 billion in assets, specializes in residential and industrial real estate. Following the merger, Bridge will operate as a standalone platform within Apollo’s asset management division while retaining its leadership team and brand identity. Bridge’s Executive Chairman, Bob Morse, will join Apollo as a partner and lead the firm’s real estate equity franchise.

The transaction, unanimously approved by Bridge’s independent directors, is expected to close in Q3 2025, pending regulatory approvals and stockholder consent. Bridge’s shares will be delisted from the New York Stock Exchange upon completion, making it a privately held entity.

Apollo anticipates the acquisition will be immediately accretive to its fee-related earnings and align with its long-term growth strategy in alternative investments.

**Source: Apollo Global Management, "Apollo to Acquire Bridge Investment Group," February 24, 2025.**

Apollo Global Management, Inc. reported its fourth quarter and full-year results for 2024. Highlights include record origination activity exceeding $220 billion, inflows of more than $150 billion, and assets under management surpassing $750 billion. For the fourth quarter, the company declared a cash dividend of $0.4625 per share of its Common Stock, payable on February 28, 2025, to holders of record as of February 18, 2025. Additionally, a cash dividend of $0.8438 per share of its Mandatory Convertible Preferred Stock was declared, with a payment date of April 30, 2025, to holders of record as of April 15, 2025.

Apollo will host a webcast on February 4, 2025, to review its financial results. For more details, visit Apollo's Investor Relations website.

Apollo Global Management announced a new five-year employment agreement for CEO Marc Rowan, maintaining his $100,000 annual salary and granting performance-based compensation with a target value of $10 million per year. The company is also establishing a $200 million donor-advised fund for philanthropy, with Rowan involved in donation recommendations. Additionally, Apollo appointed Brian Leach as an independent director, effective March 1, 2025, increasing the board size to 17 members. Leach will also serve on the Audit and Nominating and Corporate Governance Committees.

Apollo has announced key leadership changes to align with its five-year strategic plan, aiming to enhance its operational capabilities and growth across various sectors. As part of this strategic shift:

Jim Zelter has been appointed as the President of Apollo Global Management, Inc. (AGM), which acts as the holding entity for Apollo’s asset management and retirement services. This newly created role is integral to driving Apollo's significant growth plans. Zelter's responsibilities will include leading strategic initiatives across both Apollo Asset Management, Inc. (AAM) and Athene Holding Ltd. subsidiaries.

John Zito has been appointed as Co-President of AAM, where he will work alongside Scott Kleinman. Together, they will manage all investing activities and the day-to-day operations of the asset management business. Zito will also continue in his role as Head of Credit for Apollo.

These leadership appointments are in line with Apollo's vision of becoming a next-generation financial services firm, as emphasized by CEO Marc Rowan. Rowan's leadership will continue to be a pivotal element of Apollo’s strategy, as the firm is finalizing a five-year extension of his employment agreement.

Jay Clayton, Chair of Apollo Global Management, highlighted these changes as a testament to Apollo’s commitment to strong, shareholder-aligned stewardship, expressing confidence in the senior leadership team's ability to fulfill the firm's ambitious plans.

The announcements were made as part of a broader narrative emphasizing Apollo’s adaptive strategies in response to the evolving financial landscape, focusing on the convergence of public and private markets and the changing roles within financial institutions. These leadership changes are set to position Apollo strongly for future growth and operational efficiency.