Apollo Global Management has chosen Austin, Texas, as the location for its second US headquarters, moving away from New York City. The decision was influenced by Austin's appeal to talent unwilling to pay New York prices and the absence of state income tax. This move signals a potential loss of significant tax revenue for New York, as Apollo paid over $1.2 billion in income taxes in 2025. The trend of financial firms relocating to southern states like Texas reflects broader business shifts driven by tax and regulatory environments.
Apollo's deputy global head of private equity, Antoine Munfakh, warned that private equity firms will see a growing divide in returns due to delayed exits, aggressive valuations, and a $4 trillion backlog of unsold assets. The average hold time for a...
Apollo Global Management announced the appointments of Huw van Steenis as European Economic & Policy Strategist and Sarah Jenkins as Head of Government Affairs for Europe, both starting in August in London. Van Steenis brings over 25 years of experie...
Apollo Global Management is leading a $35 billion capital solution for Broadcom's new AI XPV Platform, in partnership with Blackstone and global banks. This funding aims to enable over 20GW of compute capacity for advanced AI labs through 2028, suppo...
