AIG adds veteran financier to board ahead of CEO switch
American International Group (AIG) has appointed Thomas Stoddard as an independent director, effective June 1, 2026, just days before Eric Andersen takes over as CEO from Peter Zaffino. Stoddard brings over 35 years of financial experience across insurance, asset management, and investment banking, including a past role as group CFO at Aviva plc and advisory work with AIG at Blackstone. His appointment is expected to bolster AIG's strategic agenda and capitalize on its recent strong financial performance.
[SCHEDULE 13G/A] CALAMOS STRATEGIC TOTAL RETURN FUND Amended Passive Investment Disclosure
This SEC filing (Schedule 13G/A) for Calamos Strategic Total Return Fund (CSQ) discloses that a group of affiliated Apollo entities and Athene Annuity and Life Company collectively hold shared voting and dispositive power over 1,920,000 Series F Mandatory Redeemable Preferred Shares, representing 48.0% of that series. The filing details the hierarchical ownership structure among the various Apollo and Athene entities, with disclaimers of beneficial ownership over common stock by several of the reporting entities. The percentage is calculated based on 4,000,000 Series F MRPS outstanding as of October 31, 2025.
AIG Elects Tom Stoddard to its Board of Directors
American International Group, Inc. (AIG) has appointed Thomas (Tom) Stoddard to its Board of Directors as an independent Director, effective June 1, 2026. Stoddard brings over 35 years of financial services experience, including roles at Bank of America, Aviva plc, Athora Ltd., and Blackstone, with significant expertise in property and casualty insurance and capital markets. Both AIG's Chairman & CEO, Peter Zaffino, and Lead Independent Director, John Rice, highlighted Stoddard's extensive background and past experience working with AIG as critical assets for the company's strategic goals and continued success.
What Apollo Global Management (APO)'s Record AUM and Quarterly Net Loss Reveal for Shareholders
Apollo Global Management reported mixed Q1 2026 results, including record assets under management (AUM) exceeding $1 trillion and fee-related earnings, but also a net loss of $1.91 billion. Despite the loss, the company increased its quarterly dividend and continued share repurchases, sparking questions about the sustainability of cash flows. The article emphasizes the importance of evaluating Apollo's balance between growth, earnings quality, and capital discipline, especially given its projected revenue decrease but significant earnings increase by 2028.
Musk’s xAI Races to Get Wall Street Firms to Use Grok Chatbot
Elon Musk's xAI is actively trying to get Wall Street firms to adopt its Grok chatbot to boost revenue ahead of SpaceX's IPO. Companies like Morgan Stanley, Apollo Global Management, and Valor Equity Partners are testing Grok internally, although some financiers are reportedly not frequently using it for work purposes.
Apollo Plans Daily Pricing for Private Credit Funds
Apollo Global Management plans to implement daily pricing for its entire public and private credit platform by September 30, aiming to increase transparency in the asset class. This initiative, driven by increasing investor demand for clarity in private assets, includes a partnership with Intercontinental Exchange to standardize private asset data and will provide real-time pricing information. The move comes amid heightened scrutiny of the private credit market regarding valuation and liquidity.
Emerald Holding and its Medtrade trade show will have new owner
Apollo-managed funds are set to acquire Emerald Holding and Questex in separate agreements, intending to combine them into a leading North American B2B experiential events and media platform. The merger will create a scaled platform with approximately 160 events across various markets, including Emerald's Medtrade trade show. This transaction, expected to close in the second half of 2026, aims to accelerate growth and enhance resources for the combined entity.
Apollo Signs $1.5B Deal for Emerald: The Future of MJBizCon
Private equity funds managed by Apollo Global Management have agreed to acquire Emerald Holding Inc., parent company of MJBizCon, in a $1.5-billion all-cash deal. This acquisition, which also includes Questex LLC, will take Emerald private and merge it into a massive B2B experiential media platform. The move raises questions about the future direction of MJBizCon, the cannabis industry's largest trade show, as it becomes part of a broader portfolio under Apollo's institutional umbrella.
Apollo Global Management stock (US0376123065): Alternative asset manager with $908B AUM
Apollo Global Management is a leading alternative asset manager overseeing $908.4 billion in total assets as of September 2025 across asset management and retirement services. The company's business model relies on management fees from fee-earning assets and performance fees, with diversification across private equity, credit, real estate, and infrastructure. Headquartered in New York, Apollo serves institutional and individual investors globally, making it a significant player for US investors seeking exposure to this growing financial services segment.
PE-Owned Insurers Boosting Private Credit Holdings, Study Finds
A new study from the Federal Reserve Bank of Chicago reveals that private equity-owned life insurance companies are significantly increasing their holdings in higher-yielding alternative credit. This shift, observed from 2017 to 2024, has led to a substantial increase in these insurers' investments in private placements for asset-backed securities and financial borrowers, thereby entangling the insurance industry more deeply with the broader financial system. Major private fund firms like Apollo Global Management Inc. and KKR & Co. have been key players in acquiring life insurance firms and influencing these investment changes.
Apollo Global Management stock (US0376123065): Recent earnings and strategic updates
Apollo Global Management reported strong Q1 2026 results with record fee revenue, driven by private equity and credit performance. The company manages over $700 billion in assets and generates revenue through management fees, performance fees, and insurance solutions via Athene Holding. Its strategic focus on credit, private equity, and real assets, combined with access to the US annuity market through Athene, positions it as a key player in the alternative asset management sector for US investors.
US Government Finances Are Not Ready for a Recession
The US government's finances are ill-prepared for a recession, lacking the fiscal buffer typically needed to manage widening budget deficits caused by increased unemployment benefits and falling tax revenues. This situation suggests that the traditional recession playbook of lower interest rates and multiple expansion for valuations will not apply. Consequently, value creation will rely on operational improvements, earnings growth, margin expansion, and cash generation.
IGT turnaround to take time: Part 1 of a Q&A with CEO Hector Fernandez
In the first part of a two-part interview, IGT CEO Hector Fernandez discusses the ongoing turnaround efforts at the company since he took the helm six months ago. He outlines the "five Cs" strategy (Culture, Capabilities, Content, Commercialization, and Cash-flow creation) and emphasizes the importance of a long-term vision supported by private equity firm Apollo Global Management. Fernandez also touches on the integration with Everi and the shift towards a more customer-centric approach.
5 Revealing Analyst Questions From Skyward Specialty Insurance’s Q1 Earnings Call
Skyward Specialty Insurance (SKWD) reported strong Q1 2026 results, surpassing analyst estimates for revenue and adjusted EPS, driven by fee-generating premiums and a less P&C cycle-exposed business model. The article highlights key analyst questions from the earnings call, focusing on Apollo's impact, managed premium growth, cyber exposure, and property alignment, alongside upcoming catalysts for the company.
ADT EVP Omar Khan buys $50,079 in common stock
Omar Khan, EVP and Chief Business Officer at ADT Inc. (NYSE:ADT), recently purchased 7,280 shares of company stock for $50,079. This insider buying aligns with the company's aggressive share buyback program and InvestingPro's assessment that ADT is currently undervalued. The company also reported strong Q1 2026 financial results, exceeding earnings and revenue expectations.
Briefly: Medtrade Owner to Be Acquired; VGM Announces Heartland Keynotes
Emerald Holding Inc., owner of Medtrade, is being acquired by Apollo and will merge with Questex LLC to form a major B2B events and media platform. Separately, VGM & Associates announced David Atkins and Joe Delagrave as keynote speakers for the 25th anniversary of its Heartland conference. The acquisition aims to create a leading North American experiential events platform, while the conference will focus on personal and professional growth.
Brown-Forman rejects $15 billion acquisition approach from Sazerac, source says
Brown-Forman, maker of Jack Daniel's, has rejected a $15 billion acquisition offer from rival spirits maker Sazerac. This rejection follows failed merger talks between Brown-Forman and Pernod Ricard. The spirits industry is facing a prolonged slump due to declining alcohol consumption, and Brown-Forman's controlling family reportedly preferred Pernod Rickard's stock-based offer, which would have allowed them to retain a stake, over Sazerac's cash deal.
[6-K] Check-Cap Ltd Current Report (Foreign Issuer) | MBAI SEC Filing - Form 6-K
This SEC filing details the planned reverse recapitalization merger between Check-Cap Ltd. (NASDAQ: MBAI) and MBody AI Corp., with MBody AI becoming a wholly-owned subsidiary and its equity holders owning approximately 90% of the combined entity. MBody AI reported a net revenue of $2.4 million and a net income of $507,851 in 2025, primarily from sales-type customer subscription contracts for its AI-enabled robotics systems. The pro forma combined financial statements for 2025 show a net income of $4.6 million, significantly boosted by Check-Cap's one-time income on debt extinguishment.
Blue Owl retail private credit fund inflows shrink amid investor nerves
Blue Owl Capital has experienced a 95% reduction in new investments for its largest retail credit fund, the Blue Owl Credit Income fund (OCIC), accepting only $26.4 million in subscriptions compared to $480 million last year. This significant drop in inflows is attributed to mounting investor concerns regarding loosening lending standards in direct lending and potential disruptions to the software industry from artificial intelligence, a sector many private credit funds are heavily exposed to. Wealthy investors have been pulling money from private credit vehicles amid these anxieties.
Jefferies & Co Adjusts Apollo Global Management PT to $142 From $115, Maintains Hold Rating
Jefferies & Co. has increased its price target for Apollo Global Management (APO) to $142 from $115, while maintaining a Hold rating on the stock. The article also briefly mentions Unity Software's (U.US) fourth-quarter earnings, where the company reported a revenue increase of 35% year-over-year to $609 million, surpassing consensus estimates, despite a quarterly loss of 66 cents per share.
Wall Street’s Verdict on Apollo Global After a Flurry of Dealmaking
Wall Street analysts are overwhelmingly bullish on Apollo Global Management (APO) after a week of significant dealmaking, including the acquisition of Emerald Holding and Questex, and reported talks to finance Broadcom's AI chip development. Despite a recent share price rebound, analysts maintain a "Moderate Buy" consensus with price targets above the current stock price. Strong Q1 2026 fundamentals, record AUM, and upward-shifting analyst coverage further support the positive outlook, outweighing concerns like a one-time tax charge and a pending class-action lawsuit.
Apollo Acquires Majority Stake In Noble Environmental
Apollo Global Management, Inc. (APO) announced the acquisition of a majority stake in Noble Environmental, Inc., a vertically integrated waste management platform, for an undisclosed sum. Noble Environmental provides solid waste collection, hauling, transfer, and disposal services across the Northeast, Mid-Atlantic, and Midwest US, and also operates a renewable natural gas business. Following the announcement, Apollo's stock saw a slight increase in pre-market trading.
In Credit Markets, Things Are Getting Better, Not Worse
The article highlights that credit markets are showing signs of improvement, with falling default rates and declining distressed exchanges and liability management exercises. This positive trend is attributed to a strong economy, suggesting that the credit cycle is not in a full-blown downturn. The analysis is supported by charts illustrating these trends.
Apollo Funds Acquire Majority Stake in Noble Environmental, Inc.
Apollo-managed funds have acquired a majority interest in Noble Environmental, Inc., a vertically integrated waste management platform based in Pittsburgh. Noble Environmental is known for its regional leadership in waste management across the Northeast, Mid-Atlantic, and Midwest United States, including a growing Renewable Natural Gas (RNG) business. This acquisition allows Apollo to expand its investment in essential service businesses and partner with Noble Environmental's management to further grow its platform.
Apollo Funds Acquire Majority Stake in Noble Environmental, Inc.
Apollo-managed funds have acquired a majority interest in Noble Environmental, Inc., a vertically integrated waste management platform based in Pittsburgh. Noble Environmental is a regional leader in waste management and renewable natural gas, serving the Northeast, Mid-Atlantic, and Midwest. This investment aims to expand Noble Environmental's platform, capitalize on its scarce landfill assets, and grow its RNG business, building on Apollo's history of investing in essential service businesses.
Wall Street money moves into trash-to-fuel with Noble Environmental deal
Apollo-managed funds have acquired a majority stake in Noble Environmental, a vertically integrated waste management platform based in Pittsburgh. Noble Environmental provides solid waste services and has a growing Renewable Natural Gas (RNG) business that converts landfill gas into pipeline-quality fuel. This investment expands Apollo's exposure to essential environmental services and infrastructure assets.
What Apollo Global Management (APO)'s Record AUM and Quarterly Net Loss Reveal for Shareholders
Apollo Global Management reported mixed Q1 2026 results, including record fee-related earnings and assets under management exceeding US$1.00 trillion, but also a net loss of US$1.91 billion. Despite the loss, the company declared a quarterly dividend of US$0.5625 per share and continued share repurchases, raising questions about the sustainability of cash flows and the balance between growth and earnings quality. The article suggests that investors should carefully consider the firm's execution risk and the long-term outlook for its fee and spread earnings.
McKesson Q4 Earnings Call Highlights
McKesson reported strong fiscal fourth-quarter and full-year 2026 results, with adjusted diluted EPS up 18% and consolidated revenue reaching $403 billion. The company highlighted growth in oncology, multispecialty, pharmaceutical distribution, and prescription technology, and provided an optimistic fiscal 2027 outlook with projected earnings growth of 12% to 14%. McKesson also progressed on separating its Medical-Surgical Solutions segment and announced leadership changes.
Rep. Gilbert Ray Cisneros, Jr. Buys Apollo Global Management Inc. (NYSE:APO) Stock
Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently purchased shares of Apollo Global Management Inc. (NYSE:APO) valued between $1,001 and $15,000 on April 14th, as disclosed in a May 8th filing. This purchase follows Apollo's recent quarterly earnings report, which exceeded EPS expectations but saw revenue fall short, and the company subsequently raised its quarterly dividend. Wall Street analysts generally hold a "Moderate Buy" rating for APO, with an average price target of $150.75.
Circle Banks $200M From Giants Like BlackRock In Arc Token Presale, CRCL Jumps 15%
Stablecoin issuer Circle (CRLC) saw its shares climb 15% to $130 following the disclosure of a successful $222 million presale for Arc, the native token of its new blockchain. The funding round, which included major investors like Andreessen Horowitz, BlackRock, and Apollo Funds, values Arc at a $3 billion fully diluted network valuation. Circle CEO Jeremy Allaire emphasized that Arc is designed to be an operating system for institutional finance, not just for stablecoins and payments, and aims to be a foundational layer for businesses, with Circle taking a 25% stake in the token's initial supply.
Emerald Holding (NYSE: EEX) investors see Onex’s 93% stake endorse Apollo merger
Onex Corporation and its affiliated entities, which beneficially own 93.00% of Emerald Holding (NYSE: EEX) common stock, have endorsed the merger agreement with Emma Buyer, LLC, an entity owned by Apollo Global Management affiliates. The merger, which was unanimously approved by Emerald's board and by Onex through written consent, will result in Emerald becoming a wholly-owned subsidiary of Emma Buyer. This significant stakeholder approval signals strong backing for the take-private transaction.
Broadcom Turns To Private Credit For Record $35 Billion Financing - Broadcom (NASDAQ:AVGO)
Broadcom (NASDAQ: AVGO) is reportedly seeking a record $35 billion private credit financing package from firms like Apollo Global Management and Blackstone to support its AI chip development. This comes as Broadcom expands its AI partnerships and faces an $18 billion financing hurdle in its AI chip collaboration with OpenAI, requiring a significant purchase commitment from Microsoft. Goldman Sachs maintains a "Buy" rating on Broadcom, citing long-term AI demand and projected increases in infrastructure spending.
News | The other side of the data center boom
The data center industry is facing a capital crunch, making it increasingly difficult for smaller and newer players to fund the massive construction costs associated with modern data centers. This has led to consolidation, with larger institutional investors and tech giants dominating the market, while smaller firms are forced to sell assets, merge, or reconsider expansion plans due to their limited access to capital. Access to capital is now the decisive factor determining who can build and expand in the rapidly growing but expensive data center sector.
Emerald & Questex Acquired by PE Firm Apollo Global Mgmt; Deal Valued at $1.5B
Apollo Global Management is acquiring Emerald Holding, Inc. (NYSE: EEX) and Questex in a combined deal valued at approximately $1.5 billion, with the transaction expected to close in the latter half of 2026. This acquisition will merge the two event consolidation companies to create one of the largest B2B event platforms in the U.S., boasting around 160 events across diverse markets. Emerald shareholders will receive $5.03 per share, representing a 42.1% premium over the unaffected share price, while financial details for the Questex portion of the deal were not disclosed.
Apollo Snaps Up Emerald To Build B2B Events Empire
Apollo Global Management, Inc. (APO) announced the acquisition of Emerald Holding, Inc. (EEX) and Questex, LLC in separate all-cash deals to create a major North American B2B events and media platform. The combined entity will manage approximately 160 events. Emerald shareholders will receive $5.03 per share, valuing the company at about $1.5 billion, with the transaction expected to close in the second half of 2026.
Preparing for Dislocation in Credit Markets
Chris Lahoud, Partner and Head of Hybrid/Opportunistic Credit at Apollo, discusses how the firm prepares for potential credit market dislocations through scenario analysis and sector mapping. He highlights that while there is current market complacency, conditions may worsen, especially for lower-quality credits and software companies impacted by AI. Apollo's strategy focuses on catalyst-driven investing, leveraging sector expertise to identify mispricing and act quickly when high-quality credits become available at attractive valuations.
Apollo Global Management, Inc. entered into a definitive agreement to acquire Emerald Holding, Inc. from a group of shareholders.
Apollo Global Management, Inc. has entered into a definitive agreement to acquire Emerald Holding, Inc. from a group of shareholders for a consideration that includes common equity in Apollo and a cash payment of $5.03 per share. The transaction, valued at $765 million through senior debt, is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals. Emerald Holding will also pay an $84 million termination fee if its board changes its recommendation regarding the merger.
Cracks widen in private credit as Apollo weighs $3B fund sale
Apollo Global Management is reportedly considering selling its $3 billion publicly traded private credit fund, MidCap Financial Investment Corp (MFIC), amidst rising defaults and investor redemptions in the private credit sector. This move highlights increasing strain on business development companies (BDCs), with other major players like Blackstone and BlackRock also reporting markdowns due to troubled loans in the software industry. The situation underscores concerns about over-concentration in enterprise software and the broader challenges facing less-regulated parts of the private credit market.
FS KKR posts Q1 loss, unveils $600 million strategic action plan
FS KKR Capital reported a significant Q1 2026 loss of $1.57 per share and a 10% decline in net asset value (NAV). In response, the company announced a $600 million strategic action plan, including a preferred stock investment from a KKR subsidiary, a $150 million tender offer, and a $300 million stock repurchase program. These actions aim to support NAV and shareholder returns, addressing pressure from declining portfolio values and concerns over credit quality and leverage.
Apollo in talks to sell $3 billion fund, report says. What it says about private credit fears
Apollo Global Management is reportedly in talks to sell a $3 billion private credit fund to a consortium of buyers. This potential sale highlights increasing concerns within the financial industry regarding volatility and risks associated with private credit assets, particularly amidst rising interest rates and economic uncertainty. The move signals a possible shift in sentiment towards these previously hot assets.
BMO Capital Adjusts Price Target on Apollo Global Management to $140 From $108
BMO Capital has increased its price target for Apollo Global Management (APO) to $140, up from the previous target of $108. The firm also reaffirmed its "Outperform" rating on the stock. This adjustment reflects BMO Capital's updated outlook on Apollo Global Management's financial performance and valuation.
Apollo in talks to sell $3 billion private credit fund, WSJ reports
Apollo Global Management is reportedly in discussions to sell its private credit fund, MidCap Financial Investment (MFIC.O), valued at approximately $3 billion. The move comes as the U.S. private credit sector faces challenges, including increased defaults and rising redemption pressure. The potential buyer is expected to be another business development company.
EEX Stock Just Shot Up 9% Pre-Market Today – What’s The Deal With Apollo Global?
Apollo Global Management is acquiring publicly traded Emerald Holding (EEX) and privately held Questex, LLC, planning to merge them into a single entity focused on the corporate events-organizing industry. Apollo will pay $5.03 per share in cash for Emerald, valuing it at approximately $1.5 billion. The acquisition caused EEX stock to surge in pre-market trading, and the combined entity is anticipated to drive growth in North America's B2B events market.
What This Fund’s $4 Million Apollo Commercial Real Estate Finance Sale Could Signal About CRE Risk
Cura Wealth Advisors sold 386,000 shares of Apollo Commercial Real Estate Finance (ARI) for an estimated $4.02 million, signaling a cautious repositioning regarding commercial real estate risk amidst pressure from higher interest rates and refinancing uncertainties. Although the fund retained a meaningful stake, the reduction in its ARI position from 1.4% to less than 0.3% of assets under management suggests a strategy to dial back exposure to the sector. Despite stable Q1 earnings from ARI with no realized investment losses, its stock performance has notably lagged the S&P 500, reflecting broader investor wariness towards mortgage REITs.
Onex Partners Announces the Sale of Emerald to Apollo Funds
Onex Partners has announced the sale of Emerald Holding Inc. to funds managed by Apollo, valuing Emerald at approximately $1.5 billion. Onex Partners currently owns over 90% of Emerald's outstanding shares, which will cease trading on the NYSE and become a private company under Apollo's ownership. The transaction is expected to close in the second half of 2026, pending regulatory approvals.
Apollo to take Emerald Holding (NYSE: EEX) private at $5.03 per share
Emerald Holding, Inc. (NYSE: EEX) has reported its Q1 2026 financial results, with revenues increasing to $155.4 million from $147.7 million, though net income declined due to higher operating costs. Concurrently, the company announced it has entered into a definitive merger agreement to be acquired by affiliates of Apollo Global Management, Inc. for $5.03 per share in cash, a transaction that will take Emerald private and delist its stock upon completion. The acquisition is subject to regulatory and other customary closing conditions.
Apollo Funds to Acquire Emerald and Questex to Create Leading North American B2B Events Platform
Apollo-managed funds are set to acquire Emerald Holding, Inc. and Questex, LLC, with plans to merge them into a premier North American B2B experiential events and media platform. This all-cash transaction will result in a scaled platform offering approximately 160 events across diverse industries, combining Emerald's exhibitions with Questex's event portfolio and year-round digital engagement. The acquisition aims to leverage the unified strengths of both companies for organic growth and sustained value creation in the B2B events landscape.
$1.5B Apollo deal to combine Emerald, Questex into 160 events
Apollo-managed funds have agreed to acquire Emerald and Questex in separate all-cash deals, planning to combine them into a leading North American B2B events and media platform with approximately 160 events. Emerald shareholders will receive $5.03 per share, a 42.1% premium, implying an estimated closing enterprise value of about $1.5 billion. The transaction is expected to close in the second half of 2026, after which Emerald will go private and cease trading on the NYSE.
Circle raises $222 million from BlackRock, Apollo and others in Arc token presale valued at $3 billion
Circle Internet Group has raised $222 million in a presale of Arc tokens, the native token for its new Arc blockchain, achieving a $3 billion network valuation. This move signifies Circle's expansion beyond its stablecoin business into providing blockchain infrastructure for institutional finance and an "operating system business." Major investors like BlackRock, Apollo Funds, and Andreessen Horowitz participated, highlighting a shift towards more stable, diversified revenue models in the crypto industry and a potential resurgence of token sales under new regulatory frameworks.
NewEdge Wealth LLC Buys 7,748 Shares of Apollo Global Management Inc. $APO
NewEdge Wealth LLC increased its stake in Apollo Global Management Inc. by 11.2% in the fourth quarter, purchasing 7,748 additional shares to reach a total of 77,114 shares valued at $11.16 million. Institutional ownership of Apollo remains high at 77.06%, with analysts maintaining a "Moderate Buy" consensus and an average price target of $150.75. The company recently reported strong Q1 earnings, exceeding expectations, and increased its quarterly dividend by 10.3%.
