Apollo Global Management, Inc. (APO) shares are trading lower on Wednesday, following the announcement of a strategic partnership with State Street Corporation’s (STT) State Street Global Advisors. This collaboration aims to expand access to private market opportunities for investors seeking diversified and resilient portfolios.
The partnership between Apollo and State Street Global Advisors will focus on broadening access to private markets, specifically the private credit market. By combining their expertise and resources, the companies aim to offer investors a wider range of investment opportunities in this sector.
Apollo Global Management has been actively expanding its reach in the private credit market. As of June 30, 2024, the company reported over $145 billion in origination over the past year, driven by its credit business and a network of 16 standalone platforms. This expansion reflects a growing demand for private credit strategies among investors seeking to enhance portfolio returns and mitigate risk.
Marc Rowan, co-founder, and chief executive officer of Apollo Global Management, highlighted the increasing appeal of private fixed income and equity strategies. Rowan believes that investors are increasingly seeking to supplement their traditional portfolios with these strategies to build more resilient and diversified portfolios for retirement and other investment needs.
Last week, Apollo’s Aligned Alternatives platform announced an agreement to acquire Beequip, a Netherlands-based equipment leasing specialist, from NIBC. This acquisition further strengthens Apollo’s position in the private credit market and its commitment to expanding its reach within this sector.
Investors interested in gaining exposure to the BX stock can consider the EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF LBO and the Fidelity Disruptive Finance ETF FDFF.
At the last check on Wednesday, APO shares were down 1.73% at $104.90.
