Introduction
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Apollo Global Management is an American investment firm founded in 1990 by Leon Black. It is an alternative asset management company that has been involved in various financial transactions for over two decades. Apollo manages $356 billion in assets, which makes it one of the largest private equity firms globally.
Apollo Global Management is a publicly-traded investment firm that manages several alternative assets, including private equity, real estate, and credit.
It has over $280 billion in assets under management and was founded in 1990. The firm is based in New York City’s Midtown East neighborhood.
Apollo Global Management has invested more than $100 billion across all its various funds since inception. These investments include companies like Hershey’s, Rite Aid, Pernod Ricard (the owner of Absolut Vodka), Neiman Marcus Group Inc., BSkyB (Budweiser’s parent company), Air Canada and Caesars Entertainment Corporation.[1]
The company also operates several funds focused on specific asset types: Apollo Investment Fund for infrastructure investments; Apollo Credit Opportunities Fund for distressed debt; Apollo Value Add Capital Subsidiary II LP for equity stakes; Apollo Investment Corp I & II LP for private equity returns; Promethean Power Systems Inc which develops clean energy technologies such as solar panels
It raised its first fund in 1990.
Founded in 1990, Apollo Global Management’s first fund was called Apollo Investment Fund and raised $1.5 billion. The firm’s first investment vehicle was managed by Leon Black who also co-founded the company along with his partner Josh Harris.
After raising its first fund in 1990, Apollo Global Management raised a second one in 1991 which was focused on private equity investments in distressed companies in order to help them recover financially through restructuring or restructuring and recapitalization transactions.
The firm is based in New York and runs over $280 billion in assets.
The company was founded in 1990 and is based in New York. It manages over $280 billion in assets, which puts it among the top 10 largest private equity firms globally.
The firm has a variety of investment strategies, including buyouts and growth capital investments. Apollo also makes direct investments into companies through its Apollo Capital Partners subsidiary.
These deals have included takeovers such as acquiring Darden Restaurants for $2 billion back in 2005 and buying out HCA Holdings for $21 billion one year later.
Apollo Global Management does both control and non-control investing.
Apollo Global Management is a private equity firm that specializes in control and non-control investing. Control investing is when the fund buys a majority stake in a company, whereas non-control investing includes all other types of investments, such as minority stakes or co-investments.
Apollo Global Management also does something called “additional capital” which means providing additional funding to companies they already own at the time when they are looking for more money to grow their business.
The firm was named after the Greek god of the sun because the firm was founded on the day of an historic solar eclipse.
Apollo Global Management was founded in 1990 by Leon Black, who named the company after a Greek god. Apollo was the son of Zeus and Latona, and he was known as the god of light, music, truth and prophecy. He is also often depicted with his sister Artemis in statues from ancient Greece.
The firm’s name reflects its mission: to bring light into dark places; to help companies grow their businesses through strategic acquisitions; and to give investors access to companies that otherwise would not be available on public markets.
In 2006, the firm became a public company listed on the New York Stock Exchange and changed its name to Apollo Investment Corporation.
Apollo Global Management is a publicly-traded investment firm that manages several alternative assets, including private equity, real estate and credit. The company was founded by Leon Black in 1990.
In 2006, the firm became a public company listed on the New York Stock Exchange and changed its name to Apollo Investment Corporation.
The firm raised its first fund in 1990 with $500 million under management specifically for investments in distressed or undervalued European companies. The fund was an immediate success: it produced high returns by buying out companies at low prices and selling them at higher ones after improving their operations through various means such as restructuring debt loads or selling off non-core assets like real estate holdings or subsidiaries located outside of Europe (this latter practice is called “asset light” investing).
In 1992 and 1993 respectively, two more funds were raised: one with $2 billion under management specifically for investments in Asian markets; another with $4 billion for similar purposes but targeting emerging Latin American countries instead of Eastern Europe. These funds also did very well during their respective first years of operation – especially when compared against other investment vehicles from traditional firms such as Goldman Sachs Group Inc., whose average annual return rate stood at 7% over this same period versus 18% from Apollo’s first three funds combined!
Apollo Global Management manages alternative assets from investments in private equity, real estate, and credit.
Apollo Global Management is a publicly traded investment firm that manages alternative assets for institutional and individual investors. Apollo Global Management was founded in 1990, and it is based in New York. The firm has over $200 billion of assets under management across three divisions: private equity, real estate, and credit.
Conclusion
We hope you’ve learned a lot about Apollo Global Management and its business model. We can’t wait for you to see how the company continues to grow.
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