APO

Apollo Global Management funds have acquired a majority stake in Noble Environmental, Inc., a vertically integrated regional waste management company operating across the Northeast, Mid-Atlantic, and Midwest United States. The deal positions Noble Environmental as a platform investment within Apollo's portfolio. No financial terms were disclosed in the announcement.

Onex Partners has announced the sale of Emerald to funds managed by Apollo Global Management. The transaction represents a private equity exit by Onex and an acquisition by Apollo-managed funds. No financial terms were disclosed in the available text.

Apollo Global Management funds have announced plans to acquire both Emerald and Questex, combining the two B2B events companies under private ownership to create a scaled North American B2B events platform. The deal would bring together two complementary event portfolios. No financial terms were disclosed in the announcement.

Circle has raised $222 million in a presale of its Arc token, valuing the offering at $3 billion. The round was led by Andreessen Horowitz with a $75 million investment, with additional participation from BlackRock and Apollo Funds. The fundraise signals continued institutional appetite for crypto-native financial infrastructure.

Trump publicly rejected Iran's nuclear negotiation proposals as "TOTALLY UNACCEPTABLE," while Iran's formal counter-proposal demanded sweeping pre-conditions — including Hormuz sovereignty, sanctions relief, and war compensation — before any nuclear talks, leaving the two sides fundamentally opposed. Oil futures rose at the weekly reopen, Saudi Aramco warned a Hormuz reopening would take months to normalize markets, and China's April CPI (1.2%) and PPI (2.8%, a 45-month high) both beat forecasts, reflecting the Iran war's energy cost shock transmitting into global manufacturing. Apollo is also reported to be weighing a $3bn credit fund sale amid rising defaults and redemption pressure.

Apollo (APO) announced that Apollo-managed funds have completed the acquisition of a majority stake in Prosol Group, a French fresh food and food retail company, from private equity firm Ardian. Prosol's existing minority shareholders and management team have reinvested alongside the Apollo Funds. The deal was previously announced, making this a closing confirmation rather than a new transaction disclosure.

Siris, a private equity firm, has completed its previously announced acquisition of a majority stake in TAKKION, an integrated services provider to the renewable energy industry, from Apollo-managed funds. The deal aims to expand TAKKION's service capabilities into adjacent renewable sectors and pursue organic and inorganic growth. Apollo (APO) exits its majority position in TAKKION as part of the transaction.

The article argues that fears around private credit are overblown, citing stable default rates and declining liability management exercises as signs of economic resilience. It recommends Liberty All-Star Growth Fund (ASG), currently trading at an 11.2% discount to NAV with an 8.5% dividend yield. The thesis is that ASG stands to benefit if investor risk appetite recovers from the private credit panic.