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Apollo Global Management, Inc. (NYSE:APO) shares are trading lower on Wednesday. On Tuesday, Apollo Global Management partnered with State Street Corporation‘s (NYSE:STT) State Street Global Advisors to broaden investor access to private market opportunities.
This partnership between Apollo and State Street Global Advisors aims to broaden access to private markets and offer investment opportunities.
By leveraging their combined strengths, the companies will enhance investor access to the private credit market.
Also Read: Apollo Bets $6.3B on Gaming Industry with IGT and Everi Deal
As of June 30, 2024, Apollo reported over $145 billion in origination over the past year, driven by its credit business and a network of 16 standalone platforms.
Marc Rowan, co-founder and chief executive officer of Apollo Global Management, said, “At Apollo, we believe investors will increasingly supplement their portfolios with private fixed income and equity strategies as they seek to build resilient and diversified portfolios to serve their retirement and investment needs.”
Last week, Apollo disclosed that its Aligned Alternatives platform has agreed to acquire Beequip, a Netherlands-based equipment leasing specialist, from NIBC.
Investors can gain exposure to the BX stock via EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO) and Fidelity Disruptive Finance ETF (NASDAQ:FDFF).
Price Action: APO shares are down 1.73% at $104.90 at the last check Wednesday.
Image via Unsplash/ Headway
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
