Apollo Global Management Inc
Latest Apollo Global Management Inc News and Updates
SecuritiesPreferred Equity: What It Is and How Companies Can Use It to Finance Buyouts
Preferred equity can represent high-priority securities. Here’s what preferred equity means and how companies can use it to finance a buyout. Stocks & MarketsPearson Mulls Cash Offer From Asset Manager Apollo Global
Alternative asset manager Apollo Global Management offered to buy Pearson Plc. in an all-cash deal, but will the publishing company bite? Company & Industry OverviewsWhat Happens to Synnex Stock After Tech Data Merger?
Now that Synnex and Tech Data have officially merged to become TD Synnex, what will happen to Synnex stock (SNX)? NewsLeon Black Stepping Down as Apollo CEO Amid Scrutiny Over Jeffrey Epstein Ties
After an internal investigation into his ties to convicted sex offender Jeffrey Epstein, Leon Black is stepping down as Apollo Global Management's CEO. BillionairesJosh Harris Leads Apollo Global Management and Owns the 76ers
Josh Harris of Apollo Global Management is also an owner of the Philadelphia 76ers and the co-founder, with wife Marjorie, of Harries Philanthropies. Investments & DealsApollo Merges With Athene to Build a Financial Empire
Apollo acquired its own creation, Athene, to build something beyond asset management and life insurance. Will the merger create a financial empire? Earnings ReportBlackstone Is Attracting New Capital
The launch of innovative ideas at the right time can help Blackstone attract a good amount of new capital through its dedicated network.Energy & Utilities Must-know: An overview of Athlon Energy
Athlon is an independent oil and gas exploration and production company. Its activities include the acquisition, exploration, and development of oil and liquids-heavy gas resources in the Permian Basin. MiscellaneousA Look at Apollo’s Definitive Deal to Acquire The Fresh Market
Apollo Global Management (APO) announced today, March 14, 2016, that it has entered into a definitive agreement to acquire The Fresh Market (TFM). ConsumerA brief overview of Six Flags’ management
Six Flags’ management plays a vital role in shaping the company and leading it in the desired direction. This article reviews three management positions. Earnings ReportCarlyle Group’s Corporate Private Equity Division
In 3Q17, the Carlyle Group’s (CG) Corporate Private Equity division saw a marginal decline in distributable earnings, from $209 million in 3Q16 to $207 million in 3Q17. Company & Industry OverviewsJanus-Henderson Merger: The Wait Is Over
The merger of Janus Capital Group (JNS) and Henderson Group (HGG), announced in late 2016, was finalized on May 30, 2017. It’s said to be a merger of equals. Company & Industry OverviewsWhat’s Happening Now with Carlyle’s Investment Solutions Segment?
Carlyle Group (CG) raised new capital of $3 billion in 1Q17, which included $1.4 billion from its Investment Solutions segment and $1 billion from Real Assets. Company & Industry OverviewsInside Carlyle’s Expected Performance in Real Estate Assets
Real estate experts have an optimistic view of the industry, backed by a rising number of allocations in core and opportunistic funds by investors. Company & Industry OverviewsUnderstanding Carlyle’s Improved Performance despite Rate Hike Expectations
Carlyle Group has a number of credit strategies in place, and for its LPs (limited partnerships), the company is planning to invest in new credit strategies. Company & Industry OverviewsThis Segment Is Driving Carlyle’s Numbers
For 1Q17, Carlyle Group reported higher economic net income in its Corporate Private Equity segment, from $32 million in 1Q16 to $313 million in 1Q17. Company & Industry OverviewsCarlyle Saw Impressive 1Q17 Results, but Can It Sustain?
After a subdued performance in 4Q16 and heavy losses in its Global Market Strategies segment, Carlyle Group (CG) reported improved numbers in 1Q17. Company & Industry OverviewsHow Wall Street Analysts View KKR’s Performance in 2017
Analysts gave KKR an average target price of $21.42 from the current price, suggesting a rise of 14.3%. Company & Industry OverviewsKKR’s Valuation amid Rising Equity Valuations in 2017
KKR & Co. (KKR) has posted earnings per share (or EPS) of $1.76 over the last four quarters. Company & Industry OverviewsKKR’s Distribution Policy: A Reward for Unit Holders
KKR & Co. (KKR) paid a fixed dividend of $0.17 in May 2017 according to its policy announced in 2016. Company & Industry OverviewsHow KKR Is Performing in Relation to Alternative Managers
KKR & Co. (KKR) has reported an increase in its economic net income (or ENI) to $668.5 million in 1Q17 compared to $383.2 million in 4Q16. Company & Industry OverviewsWhat Could Lead KKR’s Public Market Segment to Rise or Fall?
KKR has seen a decline in its base fees to $85.5 million in 1Q17 compared to $86.7 million in 4Q16. Company & Industry OverviewsKKR’s 2Q17 Performance on Deployments, Rise in Holdings
In 1Q17, KKR & Co. (KKR) deployed ~$5.4 billion in its Public Markets and Private Markets segments. KKR is expected to post EPS of $0.49 in 2Q17 and $2.15 in fiscal 2017, representing year-over-year growth of 113% and 216%, respectively. Macroeconomic AnalysisAlternatives’ Deployments May Remain Stable on Fundamentals
In 2016, alternatives saw higher investments as well as exits on the back of improved liquidity, rising markets, higher valuations, and distressed pricing in corporate credit. Company & Industry OverviewsKKR Private Markets Segment Projects Deployment and Growth in 2017
KKR & Company’s (KKR) Private Markets segment contributed almost 71% of the company’s total revenues in 4Q16. Company & Industry OverviewsWhy KKR’s Valuations Could Rise in 2017
First Data (FDC) is one of KKR’s major holdings. The stock has risen 7.8% in 4Q16 as compared to a substantial decline in 1H16. Company & Industry OverviewsKKR Enhances Dividends and Repurchase Program on Growth
KKR & Company (KKR) is creating value for shareholders through share dividends and repurchases. Company & Industry OverviewsKKR’s Capital Markets Segment Was Subdued amid Lower Activity
KKR’s (KKR) Capital Markets and Principal Activities segment complements its activities in both private and public markets. Company & Industry OverviewsKKR Public Markets Could See Slower Growth in 2017 on Rate Hikes
Public markets have performed well over the past couple of quarters mainly due to a rebound in energy prices (USO), which has led to rising prices of distressed credit. Earnings ReportARCC’s Net Investments Rose on Senior Secured Loans in 4Q16
By the end of December 2016, Ares Capital (ARCC) had a diversified portfolio of 218 companies totaling $8.8 billion at fair value. Earnings ReportHow Ares Capital’s Net Investments Could Rise in 4Q16
Net investments to rise Ares Capital (ARCC) has seen subdued deployment over the past few quarters. The company’s investments have fallen since 1Q16, mainly due to higher exits. In 4Q16, Ares might see marginally higher net investments due to new programs and first- and second-lien lending. As of September 30, 2016, Ares Capital had a diversified […] Earnings ReportApollo Investment Sees Net Investments Turn Positive in Fiscal 3Q17
In fiscal 3Q17, Apollo Investments (AINV) sold $17.1 million in investments and repaid $178.2 million. Company & Industry OverviewsAlternatives to See Improved Realizations and Deployments in 2017
In 2016, alternative asset managers saw higher exits and investments on the back of improved liquidity. The trend is expected to continue in 2017. Company & Industry OverviewsApollo Investment’s Net Exits Trend Expected to Reverse in 2017
Apollo Investment’s (AINV) total portfolio stood at ~$2.6 billion in fiscal 2Q17 compared to ~$3.2 billion in fiscal 2Q16. Macroeconomic AnalysisBlackstone and KKR Deployments Rise in 2016 on Valuations
Blackstone Group (BX), the world’s largest alternative manager, invested $2.9 billion during the September 2016 quarter. Company & Industry OverviewsKKR Valuations Fair amid Volatile Performance and Capital Raises
KKR & Company (KKR) expects to post EPS (earnings per share) of $0.41 in 3Q16, reflecting a subdued performance compared to its 3Q15 numbers. Company & Industry OverviewsKKR Maintains Dividends, Continues with Repurchases in 3Q
As of October 2016, KKR has bought back 31.5 million common units for $457 million of its announced $500 million share repurchase program in December 2015. Company & Industry OverviewsKKR Capital Markets Manages Higher Revenues on Deal Making
KKR’s Capital Markets and Principal Activities segment saw revenues of $47 million in 3Q16, as compared to $40 million in 3Q15 and $39 million in 2Q16. Company & Industry OverviewsKKR Public Markets’ Performance Rises on Improved Credit Pricing
In 3Q16, KKR’s Public Markets segment reported total revenues of $84 million in 3Q16, as compared to $64 million in 3Q15. Company & Industry OverviewsKKR Private Markets Segment Rises on Performance Fees in 3Q
In 3Q16, KKR’s Private Markets segment reported revenues of $549 million in 3Q16, as compared to $12 million in 3Q15 and $453 million in 2Q16. Company & Industry OverviewsAres Capital Enhances Originations in 3Q16
By the end of September 2016, Ares Capital (ARCC) had a diversified portfolio of 215 companies totaling $8.8 billion at fair value. Company & Industry OverviewsAlternatives Are Sitting on Record Capital, Making Investments
In 2015, fund managers took advantage of lower valuations and the availability of a record dry powder in order to make fresh investments at lower valuations. MiscellaneousWhat’s the Valuation of The Fresh Market Deal?
The transaction value of the deal between Apollo and The Fresh Market stands at $1,334 million. Apollo is paying 7.9x the EBITDA. Earnings ReportBlackstone’s Dominant Performance in Private Equity Space
Blackstone (BX) generated revenues of $2.7 billion and economic income of $1.8 billion for the year, backed by strong performance of BCP V and BCP VI. Company & Industry OverviewsWhat does KKR’s revenue model look like?
KKR has a diverse revenue model, making fees for providing investment management to its funds, investment vehicles, managed accounts, and finance companies. Company & Industry OverviewsHow KKR structures its investment vehicles
KKR structures its investment vehicles as a partnership or combination of domestic and overseas partnerships that contribute capital toward the fund. Company & Industry OverviewsBlackstone relies on private equity division to drive growth
Blackstone (BX) manages a total of $73 billion assets in the private equity segment and has generated an annual return of 16% since its inception. Company & Industry OverviewsBlackstone Group: The $290 billion alternative investment manager
Alternative investment management attempts to outperform the major indices, instead of replicating returns as is the case in passive fund management.