Apollo Global Management
$APO (+0.24%) will join the S&P500 index on December 23, 2024.

Anyone following the current news on Investor Relations has already expected this

https://ir.apollo.com/news-events/press-releases

There you will find a large number of exciting deals that you hardly ever hear about in the media

For example :

On Dec. 4, Apollo announced that funds managed by Apollo subsidiaries (the "Apollo Funds") have agreed to acquire a 50 percent stake in a Texas solar and battery energy storage system portfolio ("BESS") from TotalEnergies
$TTE (+0.86%) to acquire. The portfolio comprises approximately 2 GW of solar and BESS facilities at strategic locations in the Texas ERCOT market, consisting of three solar projects with a total capacity of 1.7 GW and two battery storage projects with a total capacity of 300 MW. TotalEnergies will retain a 50% stake in the portfolio and will continue to operate the plants, which include Danish Fields, Cottonwood and Hill Solar I.

Apollo partner Brad Fierstein said: "We are excited to partner with TotalEnergies, a leading energy company at the forefront of the energy transition, and to invest in a highly contracted, scaled renewable energy portfolio. Apollo's Clean Transition strategy allows us to be a flexible and long-term capital partner, supporting the growth of the Integrated Power business and TotalEnergies' capital recycling strategy."

Over the past five years, Apollo-managed funds have invested approximately $40 billion in energy transition and sustainability investments, supporting clean energy and infrastructure companies and projects, including offshore and onshore wind, solar, storage, renewable fuels, electric vehicles and a wide range of technologies to support decarbonization. Across all asset classes, Apollo aims to invest $50 billion in clean energy and climate investments by 2027 and sees the opportunity to deploy more than $100 billion by 2030.

Apollo is a fast-growing global alternative asset manager.

As of September 30, 2024, Apollo had approximately $733 billion in assets under management.