Apollo Global Management, LLC is a publicly owned investment manager. It primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. The firm manages client focused portfolios. It launches and manages hedge funds and mutual funds for its clients. The firm also manages real estate funds and private equity funds for its clients. The firm invests in the fixed income and alternative investment markets across the globe. Its alternative investments include investment in private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investme...
9 West 57th Street
New York, NY 10019
Founded in 1990
Anbang's Acquisitions On Novo Banco Could Fall Apart
Aug 25 15
Anbang Insurance Group Co., Ltd.'s potential acquisition of Novo Banco, S.A. could fall through amid ECB and Banco de Portugal doubts over the deal, the Financial Times reported on August 23, 2015. Novo Banco is reported to have set August 31, 2015 deadline for talks with a single bidder, understood to be Anbang. Anbang is known to have made the highest offer for Novo Banco, outbidding Apollo Global Management, LLC (NYSE:APO) and Fosun International Limited (SEHK:656). Anbang is reported to be capping the amount it is willing to inject into Novo Banco, saying any additional capital requirement flagged by ECB stress tests would have to be met by the Portuguese government.
Apollo Global Management, LLC Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 29 15
Apollo Global Management, LLC announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $351,727,000 compared to $572,152,000 a year ago. Net income from investment activities of $9,534,000 compared to net loss of $24,424,000 a year ago. Income before income tax provision was $157,166,000 compared to $287,339,000 a year ago. Net Income was $148,074,000 compared to $252,302,000 a year ago. Net income attributable to company was $56,428,000 or $0.30 per basic and diluted class A share compared to $71,668,000 or $0.33 per basic and diluted class A share a year ago.
For the six months, the company reported total revenues of $654,751,000 compared to $1,063,552,000 a year ago. Net gains from investment activities of $26,542,000 compared to $213,874,000 a year ago. Income before income tax provision was $244,178,000 compared to $779,532,000 a year ago. Net Income was $229,572,000 compared to $711,946,000 a year ago. Net income attributable to company was $87,355,000 or $0.40 per basic and diluted class A share compared to $143,837,000 or $0.64 per diluted class A share a year ago.
Apollo Global Management, LLC Declares Second Quarter 2015 Cash Distribution, Payable on August 31, 2015
Jul 29 15
Apollo Global Management, LLC has declared a second quarter 2015 cash distribution of $0.42 per Class A share. This distribution will be paid on August 31, 2015 to holders of record at the close of business on August 18, 2015.