APOLLO CAPITAL MANAGEMENT, L.P.

Thesis

The firm employs a value-driven and contrarian investment strategy, focusing on delivering outperformance and downside protection across a broad spectrum of asset classes including private equity, credit, and real assets. Their investment thesis centers on acquiring undervalued or distressed assets, active portfolio management, disciplined analysis, and strategic collaboration. Apollo invests across diverse sectors such as digital assets, energy, financial services, gaming, healthcare, infrastructure, real estate, and technology, and has expanded into the sports and live events ecosystem with Apollo Sports Capital (ASC). Their private equity strategy targets buyouts, growth equity, and control investments, historically including distressed-to-control takeovers. Operating globally with a presence in North America, Europe, and Asia, Apollo utilizes co-investments, fund investments, and structured solutions. The firm emphasizes a 'clean sheet thinking' approach to build conviction. As of December 31, 2025, Apollo Global Management had approximately $938 billion in AUM, with Apollo Capital Management, L.P. managing $718.5 billion in regulatory AUM. Their flagship buyout fund, Apollo Investment Fund X, closed at approximately $20 billion in mid-July 2023, and the firm aims for $1.5 trillion in AUM by 2029.

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