Apollo Completes Sale of ALTEMIRA Holdings, Faces Private Credit Withdrawals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2026
0mins
Source: seekingalpha
Apollo Global Management Inc's stock fell as it hit a 20-day low amid broader market weakness, with the Nasdaq-100 down 0.44% and the S&P 500 down 0.47%.
The company recently completed the sale of ALTEMIRA Holdings, a significant transaction that reinforces its position in the Asian aluminum packaging market. However, Jim Zelter, President of Apollo, indicated that wealthy investors are expected to continue withdrawing from certain private credit funds, reflecting doubts about loan valuations and borrower management amid AI disruptions. This dual situation highlights both a successful strategic move and ongoing challenges in the private credit sector.
The implications of these developments suggest that while Apollo is executing well on strategic transactions, it faces headwinds in maintaining investor confidence in its private credit offerings, which could impact future fundraising and investment strategies.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 138.910
Low
136.00
Averages
164.45
High
182.00
Current: 138.910
Low
136.00
Averages
164.45
High
182.00
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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- Global Resource Integration: By collaborating with lenders, Medallia will benefit from their expertise in scaling businesses globally, strategic relationships, and resources, thereby improving operational efficiency and market penetration.
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See More
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- Massive Financing: Apollo Global Management and Blackstone have finalized a $35 billion financing deal to support Anthropic's expansion efforts, marking one of the largest private credit deals in history and reflecting strong market interest in AI infrastructure investments.
- Deepening Tech Collaboration: The deal utilizes a Special Purpose Vehicle (SPV) to purchase Tensor Processing Units (TPUs) from Google, which will be leased to Anthropic, allowing the company to keep hardware off its balance sheet and providing financial flexibility ahead of its upcoming IPO.
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