Apollo Global Management
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| Apollo Global Management | |
|---|---|
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| Name | Apollo Global Management |
| Type | Private |
| Industry | Private equity |
| Founded | 1990 |
| Founder | Leon Black, Joshua Harris, Marc Rowan |
| Headquarters | New York City, New York, United States |
Apollo Global Management is a leading global alternative investment management firm founded by Leon Black, Joshua Harris, and Marc Rowan in 1990. The firm is headquartered in New York City and has offices in Los Angeles, London, Hong Kong, and other major financial centers around the world, including Singapore, Luxembourg, and Dublin. Apollo Global Management has invested in various industries, including real estate, private equity, and credit, and has worked with companies such as Caesars Entertainment, Norwegian Cruise Line, and Chuck E. Cheese's. The firm has also been involved in high-profile deals, including the acquisition of Harrah's Entertainment and the takeover of Guitar Center.
● History
Apollo Global Management was founded in 1990 by Leon Black, a former Drexel Burnham Lambert banker, Joshua Harris, and Marc Rowan. The firm started as a private equity firm and quickly expanded into other alternative investment strategies, including real estate and credit. In the early 2000s, Apollo Global Management invested in several high-profile companies, including Caesars Entertainment and Norwegian Cruise Line, and worked with other major investors, such as Carl Icahn and Bill Ackman. The firm also established relationships with major financial institutions, including Goldman Sachs, Morgan Stanley, and JPMorgan Chase. In 2011, Apollo Global Management acquired Guitar Center, a leading musical instrument retailer, and later invested in Chuck E. Cheese's, a popular family entertainment center chain, alongside other investors, such as KKR and Bain Capital.
● Investments
Apollo Global Management has invested in a wide range of industries, including real estate, private equity, and credit. The firm has invested in companies such as Caesars Entertainment, Norwegian Cruise Line, and Harrah's Entertainment, and has worked with other major investors, including Blackstone Group, Kohlberg Kravis Roberts, and Bain Capital. Apollo Global Management has also invested in several real estate investment trusts (REITs), including Apollo Commercial Real Estate Finance and Apollo Residential Mortgage, and has partnered with other major real estate investors, such as Sam Zell and Stephen Schwarzman. In addition, the firm has invested in various credit strategies, including high-yield bonds and leveraged loans, and has worked with other major credit investors, including Oaktree Capital Management and Ares Management.
● Corporate Affairs
Apollo Global Management is headquartered in New York City and has offices in several major financial centers around the world, including Los Angeles, London, Hong Kong, and Singapore. The firm is led by a team of experienced investment professionals, including Marc Rowan, Joshua Harris, and James Zelter, and has established relationships with major financial institutions, including Goldman Sachs, Morgan Stanley, and JPMorgan Chase. Apollo Global Management has also partnered with other major investors, including BlackRock, Vanguard Group, and State Street Corporation, and has invested in several high-profile companies, including Caesars Entertainment and Norwegian Cruise Line. The firm has also been involved in various philanthropic efforts, including the Apollo Global Management Foundation, which supports education and economic development initiatives in New York City and other communities around the world, including Chicago, Los Angeles, and London.
● Controversies
Apollo Global Management has been involved in several high-profile controversies, including the firm's investment in Caesars Entertainment, which was criticized by some investors and regulators, including the Securities and Exchange Commission (SEC). The firm has also faced criticism for its investment in Norwegian Cruise Line, which was accused of violating labor laws and environmental regulations in several countries, including United States, Norway, and Bahamas. In addition, Apollo Global Management has been involved in several high-profile lawsuits, including a lawsuit filed by Pension Fund of the Christian Science Monitor, which alleged that the firm had engaged in breach of fiduciary duty and securities fraud, and has worked with other major law firms, including Kirkland & Ellis and Skadden, Arps, Slate, Meagher & Flom.
● Leadership and Organization
Apollo Global Management is led by a team of experienced investment professionals, including Marc Rowan, Joshua Harris, and James Zelter. The firm's leadership team has extensive experience in alternative investment management, including private equity, real estate, and credit. Apollo Global Management has also established a strong network of relationships with major financial institutions, including Goldman Sachs, Morgan Stanley, and JPMorgan Chase, and has partnered with other major investors, including Blackstone Group, Kohlberg Kravis Roberts, and Bain Capital. The firm's organization is divided into several business units, including private equity, real estate, and credit, and has offices in several major financial centers around the world, including New York City, Los Angeles, London, and Hong Kong, and has worked with other major companies, including Microsoft, Google, and Amazon.