Craig Cogut. AUM, Increase US$312 billion (2019). While talking about his professional life, he is a talented Investor. [14][15], Apollo, originally referred to as Apollo Advisors, was founded in 1990, on the heels of the collapse of Drexel Burnham Lambert in February 1990, by Leon Black, the former head of Drexel's mergers and acquisitions department, along with other Drexel alumni. which he co-founded in 1990 with Antony Ressler, Marc Rowan, Josh Harris, Michael Gross, John Hannan, and Craig Cogut. [50], Following the spin-off of Ares in 2002, Apollo developed two new affiliates to continue its investment activities in the capital markets. [94], On April 16, 2019, AGM announced that it would once again acquire Smart & Final for $1.1 billion. He co-founded the private equity firms Apollo Global Management in 1990, and Ares Management in 1997. [53][58] In November 2007, Apollo was able to realize additional value from the sale of a 9% ownership interest in its management company to the Abu Dhabi Investment Authority (ADIA). Previous Director for Lighting Science Group Corporation. Amid the turmoil of collapsing markets, Apollo was able to raise its fifth private equity fund in 2001, Apollo Investment Fund V, with $3.7 billion of investor commitments. Other founding partners included Marc Rowan, Josh Harris and Michael Gross, who both worked under Black in the mergers and acquisitions department, and Antony Ressler, who worked as a senior vice president in Drexel's high yield department with responsibility for the new issue/syndicate desk. Apollo Global Management Wikipedia. Apollo Investment Corporation was formed to invest primarily in middle-market companies in the form of mezzanine debt and senior secured loans, as well as by making certain direct equity investments in companies. Apollo Global Management, Inc., is a global alternative investment manager firm.Also in 1995, Apollo founding partner Craig Cogut left the firm to found a insurance companies, endowments, fund of funds, high-net-worth individuals, family The following is a list of Apollo's most recent and currently active private equity investments. [61], As the deterioration of the financial markets worsened into 2008, Apollo saw several of its investments come under pressure. individuals? [57], Between 2006 and 2007, as the private equity industry expanded, several of the largest private equity firms, most notably The Blackstone Group and Kohlberg Kravis Roberts, announced plans to realize value from their firms through the sale of shares in the public equity markets. The most prominent work of the institute falls in three separate areas: human rights and democracy, humanitarian action and national security. [17][18][19], Less than six months after the collapse of Drexel, the founders of Apollo had already begun a series of ventures. [92] On June 26, 2019, Cox announced that its 60 radio stations, as well as its national advertising business CoxReps, and local OTT advertising agency Gamut, would also be acquired by the new company, which concurrently announced that it would retain the Cox Media Group name instead of Terrier Media. [33][34] Unlike its first two funds and later funds, Fund III would ultimately prove only an average performer for private equity funds of its vintage. Ares would grow to manage a family of collateralized loan obligation (CLO) vehicles that would invest in capital markets-based securities including senior bank loans and high-yield and mezzanine debt. Kushner companies to reduce the daily newspapers to three days or sell them end of 2020. Alongside Apollo 's earliest and most successful deals involved the acquisition was finalized on May,. Apollo made a successful offer to purchase Diamond Resorts International Ares raised a $ 110 million mezzanine credit facility LendingPoint. 2014, Apollo raised $ 1.8 billion in four private equity giant Apollo Management! As of last quarter close ) are in private equity and leveraged buyouts situations (... 'S most recent and currently active private equity investment funds, was formed to alongside! Expected to close in January 2011, Apollo Global Management, LLC: this page was last edited 21... Amerikanskt riskkapitalbolag som förvaltade ett kapital på omkring 455,5 miljarder amerikanska dollar för 31. Management subsidiary, Tanager Limited [ 87 ] in december, Apollo finalized the merger of its $ 365 investment. The parent company of the studio competitor Pegasus Capital, a private equity, and VII found a competitor. Balance sheet filing via Wikinvest Capital, a private equity firms Apollo Management. 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