Apollo Global Management, Inc.

Apollo Funds have reached definitive agreements to simultaneously acquire IGT’s Gaming & Digital business (IGT Gaming) and Everi through a newly formed holding company in an all-cash transaction that values the acquired businesses at approx. $6.3B on a combined basis. Following closing, IGT Gaming and Everi will be privately owned companies that are part of one combined enterprise.   The transaction builds on Apollo’s strong track record of successful current and former investments in leisure, gaming and entertainment and establishes a leading, diversified solutions provider that is well positioned across the entire gaming ecosystem. Read the press release to learn more: https://lnkd.in/eXX5cC3p

Last week Apollo PE funds agree to acquire The Travel Corporation, a leading collection of tour and experience-based global travel brands. Learn more: https://lnkd.in/e95pFaaF

Fortune recently named Partner and Deputy CIO of Credit John Zito to their list of executives leading the way in the private credit industry. John details our view of private credit as a >$40 trillion, predominantly investment-grade market and how Apollo can provide long-dated capital to companies to fund large, transformative, long-duration needs in emerging areas such as infrastructure, AI, and the energy transition.   Read more here: https://lnkd.in/ePgnHTz9

In a recent conversation with Annabel Spring, CEO Marc Rowan challenged the outdated notion that public markets are safe and private markets are risky – noting both can be risky and safe, with varying degrees of liquidity.   As wealth investors increasingly recognize this too, we are seeing fixed income allocations evolve to include more private investment-grade credit, and in equities, investors are turning to equity replacement strategies that can provide potential diversified private markets exposure. Watch here: 

At Apollo, we view private credit as a >$40 trillion, largely investment-grade market. Learn how private credit helps fuel the economy, and how the depth and diversity of its funding sources promote resiliency in the financial system: https://lnkd.in/eem2HG3K

Apollo is committed to driving a more sustainable future.   Read about our approach to integrating sustainability across the Apollo ecosystem – from financing the energy transition to expanding opportunity across our workplace, marketplace and communities – in Volume 15 of our Annual Sustainability Report: https://lnkd.in/eQWYBSXX

What’s Apollo up to Down Under? In a recent Q&A, Chair of Australia and New Zealand David Moffatt joined us from Sydney to discuss trends impacting the Australian investment and retirement landscape, and what excites him most about the future of Apollo’s platform in the country. Learn more: https://lnkd.in/g8xV6em7

Apollo’s Sponsor and Secondary Solutions business (S3) served as lead investor in a single asset continuation vehicle transaction for PURIS, a leading water infrastructure solutions provider controlled by J.F. Lehman & Company. The transaction will allow JFLCO to maintain its ownership of PURIS in partnership with management and support the company’s next phase of growth.   Read the press release and learn more about Apollo S3’s partnership-oriented approach to secondaries investing: https://lnkd.in/e2GcwSxb

As private markets expand amid dislocation, a flexible approach to investing in private credit is crucial for investors. In a recent white paper, Akila Grewal, CFA explores how dynamic allocation across the credit spectrum can lead to more diversified portfolios and potentially higher risk-adjusted returns. Read more: https://lnkd.in/evwvgCiy

ICYMI: Stephanie Drescher joined Bloomberg Markets in London last week to discuss the potential diversification benefits of private investments as public markets become increasingly indexed, with S&P 500 gains YTD driven by just a handful or so of mega-cap stocks. Watch here: