Talk:Apollo Global Management/Archive 1

Future Investments

Shouldn't we mention Cedar Fair in the article? Apollo is considering buying them out.

Article: http://www.pehub.com/58484/report-apollo-to-buy-cedar-fair/

Content Update

Nyakushev (talk) 20:14, 11 October 2011 (UTC) I recommend that section 5.3 "AREA Property Partners (Apollo Real E"state Advisors" to be moved to 3.1 History section. As Apollo's Press Release stated [1] "...Until 2000, the firm was affiliated with Apollo Global Management,LLC.." AREA Partners is independently owned and operated and has no affiliation with Apollo Global Management. Please let me know what you think about that. Thank you.Nyakushev (talk) 20:14, 11 October 2011 (UTC)

I am going to change Industry from "Private Equity" to "Alternative Assets" From p. 12 of SEC form 10-Q filed on 11/9/11. Under “Organization and Basis of Presentation: Apollo Global Management, LLC and its consolidated subsidiaries (the “Company” or “Apollo”), is a global alternative investment manager…: http://sec.gov/Archives/edgar/data/1411494/000119312511302516/d237794d10q.htm — Preceding unsigned comment added by Nyakushev (talkcontribs) 18:32, 5 January 2012 (UTC)

References

2013 Updates

I work for Rubenstein Communications and I propose the following updates on behalf of Apollo Global Management. To mitigate conflict of interest issues, I ask that an editor review the edits and take them live, as they see fit. If no objections are had and no edits are made within five days, I will go ahead and update the entry myself.NinaSpezz (talk) 13:43, 23 May 2013 (UTC)

  • Integrated proposed edits into the entry.NinaSpezz (talk) 20:03, 28 May 2013 (UTC)

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Lead Sentence

I work for Rubenstein and on behalf of Apollo Global Management, I would like to revise the first sentence of this article to say "Apollo is a global alternative investment manager".

The current introductory sentence describes Apollo Global Management as "an American private equity firm". Private equity is a portion of the firm's investment activity and assets under management, which also include credit and real assets.

Apollo Global Management reported $315.5B of assets under management at the end of March 2020.[1][2] Around 66% of assets are in the credit business ($209.7B as of last quarter close). Around 21% of assets ($67.7B as of last quarter close) are in private equity. The remaining assets are in real assets ($38.1B as of last quarter close).[2]

In addition, Apollo Global Management is described in profiles on both Reuters[3] and Bloomberg[4] as well as a recent Financial Times article[5] as an alternative investment manager.

To describe Apollo Global Management as an American firm is also inaccurate. As noted in the current article, the firm has offices across North America, Europe, and Asia.[6]

NinaSpezz (talk) 16:14, 28 May 2020 (UTC)

References

  1. ^ Oguh, Chibuike (1 May 2020). "Apollo's first-quarter profit falls 20% as virus weighs on asset sales". Reuters. The New York-based firm said it had $315.5 billion of assets under management at the end of March
  2. ^ a b "Apollo Global Management, Inc. Reports First Quarter 2020 Results" (PDF). Apollo. 1 May 2020.
  3. ^ "Apollo Global Management Inc". Reuters. Retrieved 28 May 2020. Apollo Global Management, Inc. (Apollo), formerly Apollo Global Management, LLC, is an alternative investment manager in private equity, credit and real estate.
  4. ^ "Apollo Global Management Inc". Bloomberg. Retrieved 28 May 2020. Apollo Global Management, Inc. ("Apollo") is an alternative investment manager.
  5. ^ Vandevelde, Mark (30 January 2020). "Apollo and Blackstone build $250bn permanent capital war chest". Financial Times. Apollo and Blackstone have amassed more than $250bn of permanent capital... The scale of this firepower, which was revealed in their full-year results on Thursday, shows how the two alternative investment managers have expanded beyond their roots in buyouts to push further into a structure that is seen as a holy grail in investing.
  6. ^ "Contact". apollo.com. Retrieved 28 May 2020.
I've updated to; "Apollo is a global alternative investment manager". + headquartered in the USA. Devokewater (talk) 16:24, 28 May 2020 (UTC)

Founders

I work for Rubenstein and on behalf of Apollo Global Management, I would like to revise the second sentence of this article to read “It was founded in 1990 by Leon Black, Josh Harris,[1] and Marc Rowan.[2]

The sentence currently says “It was founded in 1990 by former Drexel Burnham Lambert banker Leon Black” and omits the firm’s two other co-founders, who are mentioned elsewhere in this article.

NinaSpezz (talk) 19:57, 2 June 2020 (UTC)

References

  1. ^ Idzelis, Christine (19 September 2019). "Apollo's Josh Harris Talks Private Markets at Delivering Alpha". Institutional Investor. As capital floods private markets, Apollo Global Management co-founder Joshua Harris believes investors are finally taking steps toward properly valuing publicly-traded private equity firms.
  2. ^ Gordon, Amanda L (2 October 2018). "Apollo's Marc Rowan Gives Wharton $50 Million for Professorships". Bloomberg. Marc Rowan, a co-founder of Apollo Global Management LLC, gave $50 million to the Wharton School at the University of Pennsylvania, the largest single gift in Wharton's history.
  Done you may want to put template:paid to your userpage.  Darth Flappy «Talk» 23:33, 17 June 2020 (UTC)

Firm Specialization

I work for Rubenstein and on behalf of Apollo Global Management, I would like to revise the second paragraph of this article, which is currently uncited and not a full representation of the firm’s investing activity. I would like to reword that sentence to say:

The firm specializes in investing across credit, private equity, and real assets.[1][2]

NinaSpezz (talk) 15:41, 23 June 2020 (UTC)

References

  1. ^ Mendonça, Elisângela (7 February 2020). "Apollo buys drugmaker Covis from Cerberus". Private Equity News. Apollo has $331bn in assets under management in credit, private equity, and real assets funds.
  2. ^ Oguh, Chibuike (30 January 2020). "Apollo Global's fourth-quarter profit soars on strong asset sales". Reuters. ...driven by growth in its credit and private equity divisions that offset a decline in its real estate unit.
Done --Devokewater (talk) 15:45, 23 June 2020 (UTC)

Notable Investments

I work for Rubenstein and on behalf of Apollo Global Management, I would like to revise the fourth paragraph of this article to say:

Among the most notable companies Apollo has an investment in are ADT, CareerBuilder, Cox Media Group, Intrado, Rackspace, Redbox, Shutterfly, and Smart & Final.

Apollo is no longer invested in Constellis,[1] Claire’s,[2] Caesars,[3] or Novitex Enterprise Solutions.[4]

ADT, Careerbuilder, Cox Media Group, Rackspace, Shutterfly, and Smart & Final are mentioned elsewhere in the article. Apollo invested $2B in West Corp. in 2017, which rebranded to Intrado in 2019.[5]

NinaSpezz (talk) 17:57, 6 July 2020 (UTC)

Done --Devokewater (talk) 18:06, 6 July 2020 (UTC)
@Devokewater: Thank you for your help. It appears the supporting evidence for the changes was added, but the requested sentence was not. I would like for The 4th paragraph of the intro to be the following. I don't think it's necessary to include the rest.
Among the most notable companies Apollo has an investment in are ADT, CareerBuilder, Cox Media Group, Intrado, Rackspace, Redbox, Shutterfly, and Smart & Final.

NinaSpezz (talk) 18:16, 6 July 2020 (UTC)

NinaSpezz updated --Devokewater (talk) 18:20, 6 July 2020 (UTC)
@Devokewater: Thanks. Possible to remove the following? It was meant as supporting evidence for the request.
Apollo is no longer invested in Constellis,[13] Claire’s,[14] Caesars,[15] or Novitex Enterprise Solutions.[16]
ADT, Careerbuilder, Cox Media Group, Rackspace, Shutterfly, and Smart & Final are mentioned elsewhere in the article. Apollo invested $2B in West Corp. in 2017, which rebranded to Intrado in 2019.[17]

NinaSpezz (talk) 18:23, 6 July 2020 (UTC)

Done --Devokewater (talk) 18:26, 6 July 2020 (UTC)

References

  1. ^ "CONSTELLIS ANNOUNCES SUCCESSFUL COMPLETION OF DE-LEVERING AND RECAPITALIZATION". Constellis. 30 March 2020.
  2. ^ Stych, Anne (19 September 2019). "Claire's makes a deal with major creditor". BizWomen. Under the restructuring agreement Claire's will pass control of the company from Apollo Global Management to lenders that include Elliott Capital Management and Monarch Alternative Capital.
  3. ^ Prince, Todd (12 May 2019). "TPG Capital, Apollo sell remaining stake in Caesars". Las Vegas Review-Journal. Private equity firms TPG Capital and Apollo Global Management have sold their remaining stake in Caesars Entertainment Corp.
  4. ^ "Exela Technologies, Inc., a Publicly Traded Company, Completes Business Combination with SourceHOV and Novitex". Exela Technologies. 12 July 2017. Exela Technologies, Inc. ("Exela"), formerly known as Quinpario Acquisition Corp. 2, announced today that it has closed the previously announced business combination with SourceHOV Holdings, Inc. ("SourceHOV") and Novitex Holdings, Inc. ("Novitex")
  5. ^ "West Corporation Announces Rebrand to Intrado". Globe Newswire. 25 June 2019. Intrado is controlled by affiliates of certain funds managed by Apollo Global Management, LLC.

Divisions and Subsidiaries

I work for Rubenstein and on behalf of Apollo Global Management, I would like to remove the Divisions and Subsidiaries sections from the infobox. The companies listed in in this section are companies that Apollo-managed funds are or were previously invested in. They are not divisions or subsidiaries of Apollo Global Management, and to label them as such is inaccurate.

NinaSpezz (talk) 15:34, 10 July 2020 (UTC)


Done --Devokewater (talk) 21:10, 10 July 2020 (UTC)

I work for Rubenstein and on behalf of Apollo Global Management, I would like to once again request the removal of the Subsidiaries section from the infobox. A majority of the companies listed in this section are companies that Apollo-managed funds are or were previously invested in. They are not subsidiaries of Apollo Global Management, and to label them as such is inaccurate. NinaSpezz (talk) 16:47, 19 February 2021 (UTC)

Have removed, agreed they are not subsidiaries, but are portfolio investments. --Devokewater 18:32, 19 February 2021 (UTC)

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Assets Under Management

I work for Rubenstein and on behalf of Apollo Global Management, I would like to revise the numbers in the third paragraph of the lead section of this article.

Apollo Global Management reported $414B of assets under management at the end of June 2020. Around 72% of assets are in the credit business ($300.4B as of last quarter close). Around 18% of assets ($73.3B as of last quarter close) are in private equity. The remaining 10% of assets are in real assets ($39.9B as of last quarter close).[1]

NinaSpezz (talk) 19:54, 3 August 2020 (UTC)

@NinaSpezz: {{done}}MJLTalk 17:59, 17 September 2020 (UTC)
@MJL: Appreciate your help. A heads up the final number ($39.9B in real assets) was not updated. Any reason for that? NinaSpezz (talk) 18:03, 17 September 2020 (UTC)
@NinaSpezz: Woops!MJLTalk 18:20, 17 September 2020 (UTC)

References

  1. ^ "Apollo Global Management, Inc. Reports Second Quarter 2020 Results" (PDF). Apollo. July 30, 2020. Retrieved August 3, 2020.