Good morning. The next question will come from the line of Jeremy Campbell with Barclays. I think, on an overall basis, the economy is behind -- the fundamentals of the economy are behind the technicals of the economy. Thank you for taking the question. I just wanted to follow up a little bit on the strategic origination platform. We believe the Apollo Direct Origination Platform enjoys significant competitive advantages and is one that very few alternative asset managers can compete against. In June, we raised $500 million through a debt offering to further bolster our capital position in light of accommodating an attractively priced markets. Mr. Powell is a Partner and Portfolio Manager in Apollo Global Management’s Direct Origination business. I think it's really that we've been in COVID lockdown now for five months. Our private equity funds portfolio appreciated by 12%, primarily due to strong performance across our fund’s public holdings. ApolloMed provides care to its members through both contracted physicians and a network of ancillary support services (e.g., urgent care, surgery centers, imaging, lab, etc.). Great. As it relates to discreet pipeline, private equity pipeline is actually picking up. But, it serves as a very well in an environment like the one you're describing. So I'd say sitting today, comparing to any point in time in the last four years, we are in as many substantive conversations. We have challenged ourselves to innovate and adapt new technologies and to make this work a remote work environment as efficient as possible. And as we've mentioned, and the reason we call it a semi sabbatical is Marc is still very, very engaged in the firm and on the strategic planning with Josh and myself. As leaders in the industry, we need to be honest in acknowledging that we do more to help combat these inequities. We are appreciative of the trust and support from both, existing and new investors as they commit to a range of strategies currently available on our platform, including our origination strategy, Accord, Hybrid Value, infrastructure, U.S. and Asia real estate, managed accounts and various evergreen strategies. And so, private equity, for the first time, we are looking at -- other than Tech Data, which we announced, most of what we've done -- all of what we've done has been in debt in our private equity businesses. Managing financial risk while delivering superior patient outcomes. Apollo will be discussing certain non-GAAP measures on this call, which management believes are relevant in assessing the financial performance of the business. (4) Source: Company data. ApolloMed is a physician-driven, integrated population health management company at the … With that, I'll turn the call over to Leon Black. The next question will come from the line of Gerry O'Hara with Jefferies. NEW YORK, June 26 (Reuters) - A credit crunch is hitting many indebted companies, and Apollo Global Management Inc APO.N never had it … I mean, obviously -- and works and sort of -- so we expect the portfolio to improve from here, subject to -- and head in a very positive direction, subject to obviously, kind of an economic downturn that goes the other way, which we don't really forecast right now. Earlier this morning, we reported distributable earnings of $0.46 per common share, pretax fee-related earnings or FRE of $0.59 per share and a cash dividend of $0.49 per share for the second quarter. Cumulative Growth of a $10,000 Investment in Stock Advisor, Apollo Global Management LLC (APO) Q2 2020 Earnings Call Transcript @themotleyfool #stocks $APO, Apollo Global Management LLC (APO) Q1 2020 Earnings Call Transcript, Apollo Global Management LLC (APO) Q4 2019 Earnings Call Transcript, Apollo Global Management LLC (APO) Q3 2019 Earnings Call Transcript, Apollo Global Management LLC (APO) Q1 2019 Earnings Call Transcript, Apollo Global Management LLC (APO) Q4 2018 Earnings Conference Call Transcript, Copyright, Trademark and Patent Information. And so even though the markets are look to be priced at a premium, when you bifurcate the markets, the bottom 25% of the S&P trades at 10 PE, the top 25% trades above 30. Mr. Ryan joined Apollo Capital Management, L.P. in 2015 as Managing Director and Chief Credit Officer. So I'm curious kind of how that connects as well. In 2006, he co-founded Clarity China, L.P. Mr. Reinfrank is also a Senior Adviser to Pall Mall Capital, Limited (London) and Transnational Capital Corporation (NYC). In real assets, our overall return for the quarter was positive 1.4%. And what we see is the opportunity for sponsorship," Harris said. If I think historically, you don't necessarily present it this way. Capital deployment for the quarter included originations led by our Hybrid Value and credit businesses for companies such as Expedia, Albertsons, Airbnb, MFA, Cimpress, NGL Energy and Delta. So by definition, there's a smaller pool of the total of assets but that's exactly then what we again provide our expertise. Additionally, we continue to elevate and hire exemplary individuals to run the day-to-day operations across all lines of our business, including credit, private equity and real assets and our insurance platforms. We are also actively engaging on the topics of citizenship, diversity and inclusion. In 1997, he co-founded and serves as a Managing General Partner of Rader Reinfrank & Co. And so the ability to underwrite and sort of quickly underwrite up to a $2 billion loan is something that is going to be unique or among a very small group of people. And, I mean, it's no different. I'd like to briefly highlight the two notable transactions that reflect our continued market leadership in serving our insurance clients. Also, note that nothing on this call constitutes an offer to sell or solicitation of an offer to purchase any interest in Apollo fund. Please refer to Apollo's most recent SEC filings, including the 8-K Apollo filed this morning for risk factors related to these statements. It's a timing in fact. The same happened in Voya. And thereafter, it would then flow back into DE and the distribution. So our competitive advantage, obviously, we have the largest alternative credit business in the world and we have hundreds of investors and originators, and we have a really significant capital base. We recorded impairment charges of approximately $1 billion during the second quarter across a handful of investments that we had previously identified on our watch list. Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and Institutional Investor that SPACs were filling a needed role for companies that were closing in on going public. And that's part of what Martin is talking about or pretty much all of what Martin's talking about on the $0.26. And then, how important are your proprietary origination platforms for them to choose Apollo over the others in the space? Mr. Hannan became a Director of the Company in March 2004 and was elected as Chairman of the Board of Directors in August 2006. Just wanted to follow up on the existing portfolio companies, more so from the deployment angle. Mr. Powell joined Apollo in 2006. For many years, we've been making four key points about how our business would perform during a period of severe market dislocation or a recession: number one, our FRE growth and margins would be durable and stable; two, our fundraising would be resilient and potentially accelerate, driving AUM growth; three, we would find attractive risk-reward investment opportunities for our investors; and four, the majority of our markdowns in our funds portfolios would be transient. There's several ways to look at it. And in quarters of more meaningful transaction fees, the dividend can be substantially higher even without the benefit of performance fees. Yes. "The SPAC part of the IPO market is a part of the market that's here to stay," Harris told CNBC's Leslie Picker. in accounting and quantitative analysis from New York University and an M.B.A. in corporate finance from the University of Michigan. And I know a lot of the private credit space has been more sponsor financed. He remains on the Executive Committee. We are required to recoup these impairments before future performance fees may be distributed. Josh, Marc and I maintain the utmost confidence in this team to lead us into the next phase of growth and development for these platforms and for the firm more broadly. And we continue to see that as our ability to raise capital. Apollo is not opposed to the traditional IPO process either, and Rackspace, one of its portfolio companies, took that route in August. We continue to expect that gross realized performance fees will be very modest over the course of 2020 as portfolio companies manage the impacts of COVID on their operations and as we prioritize the return of LP capital, as a consequence of the impairments. We have more permanent capital than anyone other than Berkshire Hathaway. So, the CEO dialogue actually, if you would enjoy being in the room to hear the dialogue, because the CEO is talking about what they're trying to accomplish in their company, Prudential being the most recent in our conversations with Mike Wells, which were delightful and productive, but us trying to figure out win-win-win solutions. As of the end of the second quarter, Fund IX has reached 40% committed or invested. ** Based on corporate lending portfolio. But, we're not planning for that in terms of how we invest. But in many cases, the sort of private capital sector that we operate in is continuing to step in and be able to do transactions.

.

Kalen Ballage Jets, Emi Martinez Salary Aston Villa, Las Vegas Ahl Team, Once And Again Consignment, Denmark Immigration Official Website, A Kid Named Cudi, Willian Transfer News, Kitty Mcintyre, Papa's Cupcakeria To Go Unblocked, Portugal 2002 World Cup Squad, Elizabethtown, Ky Hotels, Zimmer Biomet Tv, Rihanna Songs 2020 Mp3, Black Crowes Jimmy Page, Jack Dafoe Wikipedia, The Killing Floor Deck, Rave In The Grave, Beatles Run For Your Life Misogyny, Eden Hazard Height, Latv Del Giorno Dopo, For The Love Of The Game Ending, Harmony Hall, Steve Morse Albums, Empire State, Mateus Uribe Fifa 20, Everybody's Golf, Goodreads Reviews 2020, Ali Ali Basketball, Tanner Pearson Son, What Is Resistance In Electricity, Hulk Fifa 20, Ny Giants Logo Png, Shoppers Cloud Infor Login Wfm, Aladdin (2019 Full Movie On Hotstar), Reimbursement For Pharmacy Services, Jadon Sancho Position Fifa 20, Razer Kiyo Vs C922, Piccadilly Circus Shops, Mosquito Types, "tenet" "elizabeth Debicki" Character, Salvador Sanchez Wife, Northern Ireland Population 2019, Phil Foden Stats Since Restart, Problems Associated With Hydropower,