Core Viewpoint - Apollo Global Management, Inc. emphasizes its commitment to transparency regarding its past relationship with Jeffrey Epstein, asserting that no current employees, except for Leon Black, had any business or personal ties with him [1][2]. Group 1: Investigation and Findings - In 2020, Apollo initiated an independent investigation into any relationships with Jeffrey Epstein, which has been publicly reported [1]. - The company states that the documents released contain no new information regarding its relationships with Epstein [2]. - Leon Black, who left the firm in 2021, had previously engaged Epstein for personal tax advice, while other Apollo employees provided information related to this work, but all attempts by Epstein to engage with Apollo co-founders were declined [3]. Group 2: Commitment to Investors - Apollo is focused on delivering results for its investors, especially during volatile market conditions, and is prepared to take proactive measures [4]. - The leadership team is committed to maintaining transparency and is available for any inquiries from investors [4].

NEW YORK, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Apollo Global Management, Inc. (“Apollo” or the “Company”) (NYSE: APO). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Apollo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On Febr ...

资产管理规模扩张与全球布局：公司资产管理规模（AUM）在2025年第四季度达到9380亿美元，同比 增长25%。阿波罗继续专注于全球扩张和生态系统特定战略，可能通过并购或新市场渗透提升影响力。 行业政策与环境 行业与监管环境变化：亚太经合组织（APEC）2026年会议等国际事件可能影响全球资本流动和政策协 调，阿波罗作为另类资产管理公司，需关注贸易、数字经济和绿色转型等议题带来的机遇或挑战。 战略推进 战略转向防御性姿态：自2025年底以来，阿波罗管理层强调降低风险，包括增加现金储备、削减杠杆贷 款敞口（如将CLO敞口减半至200亿美元）并减少高风险资产投资。这一转变旨在应对潜在的市场动荡 和宏观经济压力。 公司业务状况 经济观察网 基于截至2026年2月的公开信息，阿波罗全球管理公司（APO）有以下值得关注的事件和发 展动向，主要围绕其财务表现、战略调整和行业环境： 业绩经营情况 2026年财务增长指引：在2025年第四季度财报中，阿波罗预计2026年费用相关收益将增长超过20%，目 标Athene资金流入达850亿美元，同时利差相关收益预计增长10%。这反映了公司对财富、保险和机构 市场扩张的信心。 以上 ...

Core Viewpoint - Apollo Global Management emphasizes the expansive nature of private credit, viewing it as a $40 trillion asset class that includes various forms of debt beyond traditional direct lending, such as commercial and residential real estate debt and asset-backed securities [5][18]. Group 1: Private Credit Landscape - Apollo identifies the growth of sponsor-backed direct lending as a significant development in non-investment-grade financing, noting its rise from zero to $2 trillion [1]. - The firm argues that the evolution of banking post-global financial crisis has shifted more financing activity toward non-bank investors, suggesting that the anticipated slowdown in private credit growth overlooks broader economic changes [5][6]. - Zelter expresses skepticism about the size and speed of an equity monetization cycle, indicating that the U.S. IPO market is relatively small compared to the private equity asset base, which is estimated at $5 trillion to $6 trillion [1][4]. Group 2: Strategic Priorities and Fundraising - Apollo is focusing on origination and multi-channel distribution, with plans to raise Fund XI between $22 billion and $25 billion, targeting a first close before mid-year [4][14]. - The firm has invested billions in origination platforms, emphasizing that access to attractive investments is the limiting factor rather than capital raising [6]. - Apollo's private wealth channel has expanded its product offerings, with eight products raising over $500 million each last year [13]. Group 3: AI Infrastructure and Financing - Apollo estimates that AI infrastructure capital needs will reach $5 trillion to $7 trillion over the next five years, indicating a selective financing approach where the firm has a structural advantage [11][12]. - The firm prefers bespoke, contract-backed deals with minimal residual risk, as illustrated by a recent transaction involving a sale-leaseback of chips [12]. Group 4: Retirement Services and Market Expansion - Apollo remains confident in Athene's growth in fixed annuities, supported by a strong balance sheet and competitive operating costs [15]. - The company highlights a "retirement crisis" in the U.S. and identifies potential growth opportunities in various international markets, including Japan, Korea, and Australia [16]. Group 5: Market Dynamics and Liquidity - Zelter notes that while private credit may evolve to trade more like liquid markets, the premium for offering private solutions at scale is likely to persist [9]. - Apollo has facilitated liquidity in high-grade capital solutions, trading nearly $10 billion of these assets last year [10].

Core Viewpoint - Apollo Global Management reported a strong performance with a 23% growth in fee-related earnings (FRE) and $300 billion in origination, surpassing its five-year target in just one year [2][4]. Financial Performance - The capital solutions business generated $800 million, exceeding expectations and linked to origination activities [1] - Apollo's credit business drove upside in realizations and performance income, with credit funds seeing annual payouts typically in the fourth quarter and growth of 8%-12% across the board [5] - The firm achieved $42 billion in inflows for Q4 and $228 billion for the year, with expectations for higher capital raising in 2026 [7] Market Environment - The current environment is characterized by high activity levels and robust pipelines, driven by strong demand for capital [3] - Kelly noted a mixed economic picture but highlighted several factors that could lead to higher rates and inflation, including fiscal stimulus and rising government debt [3] Capital Formation Strategy - Apollo's capital formation priorities include wealth, institutional, and insurance channels, with a focus on expanding wealth products and launching Fund 11 for institutional capital [8][9] - The firm expects significant growth in institutional capital raising, particularly in credit strategies and infrastructure [8] Origination and Credit Focus - Apollo distinguishes between private credit below investment-grade and its focus on investment-grade private credit, which is seeing increasing demand [11] - The firm originated investment-grade credit at 290 basis points over Treasuries, indicating a strong performance compared to public high-yield indices [12] Operational Initiatives - Apollo's origination platforms consist of 16 platforms and nearly 4,000 employees, with potential for significant growth in international markets [13] - The company is focused on FRE dollar growth rather than margin, with expectations for margin expansion in 2026 [14] Technology and AI Integration - Apollo is evaluating AI's impact on portfolio companies and internal efficiency, with widespread adoption of AI tools across the organization [15]

Core Insights - Generative AI is viewed as a transformative technology by Amazon's CEO Andy Jassy, indicating its potential to reinvent customer experiences [1] - Elon Musk predicts that humanoid robots could create a market worth $250 trillion by 2040, reshaping the global economy [2] - Major firms like PwC and McKinsey acknowledge that AI could unlock multi-trillion-dollar potential, supporting Musk's ambitious forecast [3] Industry Trends - The AI revolution is characterized by a powerful breakthrough that is redefining work, learning, and creativity, attracting significant interest from hedge funds and top investors [4] - A lesser-known company is identified as holding the key to the AI revolution, with its technology being described as a concern for competitors [4][6] - Prominent figures in technology and investment, including Bill Gates and Warren Buffett, recognize AI as a major technological advancement with potential social benefits [8] Investment Opportunities - There is a strong belief that investors will regret not owning shares in a specific under-owned company that is pivotal to the AI revolution [9] - The company in question is positioned as a game-changing AI stock, with a detailed report available for investors seeking insights into its technology and growth potential [10][11]

Core Insights - The private credit industry's actual loan exposure to the software sector may significantly exceed disclosed levels, with at least 250 investments worth over $9 billion not classified as software loans despite being defined as such by other lenders or sponsors [1][2] - The software sector has become the largest single industry exposure for Business Development Companies (BDCs), accounting for approximately 20% of all loans held by BDCs, compared to 13% in the broader leveraged loan market [2][6] - The classification inconsistencies among BDCs complicate the assessment of risk exposure, especially as AI technologies threaten traditional software business models [1][7] Group 1: Classification Issues - A review of disclosures from major BDCs revealed that software companies are often categorized under different industry classifications, leading to a lack of clarity regarding their actual exposure [3][4] - For instance, companies like Pricefx and Kaseya, which identify as software firms, have been classified as "business services" and "professional retail" respectively by their lenders, highlighting the discrepancies in classification standards [3][4] - This inconsistency extends even within the same company, as seen with Blue Owl Capital, where the same firms are classified differently across various funds [5] Group 2: Market Risks and Concerns - The influx of private equity funds into the software sector has been significant, with approximately 30% of private equity capital flowing into this industry over the past decade, and software accounting for 40% of all sponsor-backed private credit [6] - Recent advancements in AI technology have raised concerns about the future of software businesses, with the S&P North American Software Index dropping over 20% this year, indicating heightened market anxiety [7][10] - Analysts warn that the ongoing AI revolution is fundamentally altering the software industry, rendering historical classification guidelines obsolete and increasing scrutiny on private credit managers [10]

Core Insights - Morpho Association announced a partnership with an affiliate of Apollo Global Management to support the on-chain lending market of the Morpho protocol [1] - Apollo is allowed to purchase up to 90 million MORPHO tokens over a 48-month period through secondary markets and over-the-counter transactions, subject to transfer and trading restrictions [1] - Galaxy Digital UK Limited has been appointed as the exclusive financial advisor for Morpho [1]

Core Viewpoint - Apollo Global Management, Inc. has experienced a decline of approximately 20% in share value over the past year despite strong fundraising results, raising concerns about the private equity and credit sectors, as well as new issues in the software sector [1] Company Performance - The company has reported excellent fundraising results, indicating strong operational capabilities [1] - The decline in share value suggests potential underlying issues that may affect investor confidence [1] Industry Concerns - There are growing concerns regarding the private equity and credit markets, which could impact the overall performance of firms like Apollo [1] - New concerns have emerged specifically related to the software sector, which may further complicate the investment landscape [1]

Group 1 - Apollo Global Management, Inc. (APO) shares have declined approximately 20% over the past year despite strong fundraising results [1] - Concerns are rising regarding private equity and credit markets, with additional worries emerging in the software sector [1]