BlackRock In Talks To Deepen Ties With Mukesh Ambani For Private Credit Venture
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
0mins
Should l Buy APO?
Source: Benzinga
BlackRock's New Venture: BlackRock plans to form a 50-50 joint venture with Mukesh Ambani’s Jio Financial Services to enter the private credit market in India, following recent regulatory approvals for mutual fund operations.
Financial Performance: BlackRock reported a 15% revenue growth year-over-year in Q3, reaching $5.197 billion, and its assets under management increased to $11.5 trillion, driven by significant net inflows and positive market trends.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 125.370
Low
136.00
Averages
162.77
High
186.00
Current: 125.370
Low
136.00
Averages
162.77
High
186.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Potential Credit Crisis: In a worst-case scenario, default rates could double the baseline estimates, resulting in a sharp decline in liquidity in the credit markets, creating what is known as a 'tail risk' that could severely impact many companies.
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See More
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See More
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- Operational Transition: Schulte Hospitality Group will take over operations of Sotherly's 10 full-service hotels and a condo-hotel management agreement, enhancing its influence in high-end hotel management and aligning management efforts through co-investment with the investor group.
- Market Potential: Sotherly owns 2,786 hotel rooms across ten full-service hotels in seven states, and the acquisition will significantly bolster KWHP and Ascendant's high-quality hospitality portfolio in the Southeast, catering to the growing travel demand.
- Strategic Collaboration: This acquisition represents a crucial step in KWHP and Ascendant's execution of their high-quality asset strategy, aiming to enhance guest experiences and drive growth for these upscale assets through resource integration and expertise sharing.
See More
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- Merger Completion: KWHP and Ascendant successfully acquired Sotherly Hotels through their joint venture KW Kingfisher at a cash price of $2.25 per share, significantly enhancing both firms' hotel investment portfolios in the Southeastern U.S. markets.
- Shareholder Approval: Sotherly's shareholders unanimously approved the acquisition at a special meeting on January 22, 2026, indicating strong support for the strategic direction post-merger, which is expected to improve overall operational efficiency.
- Management Transition: Schulte Hospitality Group will assume operations of Sotherly's 10 full-service hotels and its single condo-hotel management agreement, leveraging its extensive industry experience to enhance guest experiences and drive business growth.
- Financing Support: Apollo and Ascendant provided debt financing commitments for the transaction, ensuring adequate funding for the joint venture and further solidifying KWHP and Ascendant's market position in high-quality hotel assets.
See More
