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President-elect Donald Trump has nominated Jay Clayton, former chair of the US Securities and Exchange Commission, to serve as US Attorney for Manhattan, a role known for overseeing Wall Street. This appointment signifies a transition for Clayton from regulatory to criminal law. Since his tenure at the SEC, he has held positions at Apollo Global Management Inc. and returned to Sullivan & Cromwell as a senior adviser.
Apollo Global Management, Inc. is a leading global alternative asset manager and retirement services provider, operating through three segments: Asset Management, Retirement Services, and Principal Investing. The Asset Management segment employs yield, hybrid, and equity strategies, while the Retirement Services segment, managed by Athene Holding Ltd, focuses on retirement products like annuities. Principal Investing encompasses realized performance fees and investment income from balance sheet investments.
Carey Lathrop has been appointed as the CEO of Atlas SP, the structured-credit unit of Apollo Global Management Inc., following the departure of Jay Kim. Lathrop, who has been serving as interim CEO since August, previously held the position of chief operating officer in Apollo's credit business after joining the firm in 2022.
Apollo Global Management Inc. is investing in fintech startup Vega, leading a $20 million Series A round alongside Motive Partners. The funding will support Vega's AltOS platform, designed to enhance services for alternative asset managers by connecting them with investors through preferred client platforms.
GI Alliance has entered into a definitive agreement with Cardinal Health, which will acquire a majority stake in the physician-led management services organization valued at $3.9 billion. This partnership aims to enhance specialty healthcare delivery for patients and support independent gastroenterology practices across the U.S. With over 900 affiliated physicians and 345 locations in 20 states, GI Alliance focuses on providing comprehensive gastroenterology care, while Cardinal Health brings extensive industry experience to the collaboration. The transaction is pending regulatory approvals.
The Washington Commanders, rebranded from the Redskins, are enjoying a resurgence with a 7-2 record, their best start since 1996. The team, now under owner Josh Harris, selected quarterback Jayden Daniels in the draft, who is a strong rookie of the year contender. This turnaround follows years of turmoil under former owner Daniel Snyder, who faced multiple investigations and was fined for misconduct.
Apollo Global Management Inc. has launched a new subsidiary, Atlas Warehouse Lending Company, under its structured credit business, Atlas SP Partners. This unit, which has received blue-chip credit ratings from three major bond graders, will provide temporary financing for loans intended for bundling into bonds. Atlas SP anticipates that the unit's loan portfolio will expand from $6 billion to $30 billion over the next two years, according to Moody’s Ratings.
Ari Emanuel, CEO of Endeavor Group Holdings Inc., is in the process of raising funds to acquire live-entertainment businesses, potentially including parts of his own company. He has already secured over $100 million from investors like Apollo Global Management and aims to raise significantly more. Emanuel has not provided further comments on the matter.
Bain Capital, Apollo Global Management, and Brookfield Asset Management are reportedly interested in acquiring Blackstone Inc.'s worker housing firm, Avery Lodge. The portfolio consists of four purpose-built worker compounds with approximately 1,700 units, potentially valued at around S$750 million ($568 million).
Apollo Global Management Inc. saw its market value increase by $5.5 billion in a single trading session, with shares rising 7.1% to a record high of $149.27. This surge followed a strong third-quarter profit that exceeded Wall Street expectations, fueled by record origination volumes as the firm aims to double its assets under management by 2029.
Apollo Global Management, Inc.
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