Professional
Added to YB: 2024-05-10
Pitch date: 2024-03-31
APO [bullish]
Apollo Global Management, Inc.
+33.75%
current return
Author Info
No bio for this author
Company Info
Apollo Global Management, Inc. is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets.
Market Cap
$72.2B
Pitch Price
$109.78
Price Target
N/A
Dividend
1.64%
EV/EBITDA
N/A
P/E
18.11
EV/Sales
N/A
Sector
Financial Services
Category
growth
Baron Durable Advantage Fund New Portfolio Holding: Apollo Global Management, Inc.
APO: Initiated new position in alt asset mgr with $651B AUM, 74% in credit. Credit biz targets 150-200bps excess return over public bonds via illiquidity & complexity, not credit risk. Athene insurance co enables long-duration liabilities to fund illiquid loans. Bank retrenchment post-GFC provides multi-year, multi-trillion $ growth runway. Earnings upside from Athene excess returns & mgmt fees as AUM scales towards $1T.
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