Apollo Invests $1 Billion in Aldar's Hybrid Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy APO?
Source: Newsfilter
- Significant Investment: Apollo-managed funds have invested $1 billion in subordinated hybrid notes issued by Aldar, marking Apollo's fifth investment in Aldar since 2022, with total commitments reaching $2.9 billion, reflecting strong confidence in Aldar's growth trajectory.
- Capital Structure Optimization: The investment aims to enhance Aldar's balance sheet flexibility, supporting its landbank replenishment, expansion of its develop-to-hold portfolio, and strategic acquisitions, which are expected to improve its market competitiveness and financial resilience.
- Regional Impact: This transaction is among the largest foreign direct investments in Abu Dhabi's private sector and the largest corporate hybrid private placement in the region, further solidifying Aldar's leadership position in Abu Dhabi and surrounding markets.
- Long-term Strategic Partnership: The transaction deepens Apollo's long-term strategic partnership with Aldar, providing Aldar's high-quality diversified portfolio with long-term flexible capital, which will enhance its attractiveness and income stability in core markets.
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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: 125.360
Low
136.00
Averages
164.45
High
182.00
Current: 125.360
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.
- Significant Investment: Apollo-managed funds have invested $1 billion in subordinated hybrid notes issued by Aldar, marking Apollo's fifth investment in Aldar since 2022, with total commitments reaching $2.9 billion, reflecting strong confidence in Aldar's growth trajectory.
- Capital Structure Optimization: The investment aims to enhance Aldar's balance sheet flexibility, supporting its landbank replenishment, expansion of its develop-to-hold portfolio, and strategic acquisitions, which are expected to improve its market competitiveness and financial resilience.
- Regional Impact: This transaction is among the largest foreign direct investments in Abu Dhabi's private sector and the largest corporate hybrid private placement in the region, further solidifying Aldar's leadership position in Abu Dhabi and surrounding markets.
- Long-term Strategic Partnership: The transaction deepens Apollo's long-term strategic partnership with Aldar, providing Aldar's high-quality diversified portfolio with long-term flexible capital, which will enhance its attractiveness and income stability in core markets.
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- Investment Scale: Apollo-managed funds have invested $1 billion in subordinated hybrid notes issued by Aldar Properties, bringing Apollo's total commitments to Aldar to $2.9 billion, reflecting strong confidence and support for the company.
- Strategic Partnership: This investment marks Apollo's fifth investment in Aldar since 2022, further solidifying their long-term strategic partnership and indicating Apollo's intent to expand its footprint in the Middle Eastern real estate market.
- Use of Proceeds: The proceeds from this investment are intended to enhance Aldar's balance sheet flexibility and support its ambitious growth agenda, which includes replenishing its landbank, expanding its develop-to-hold portfolio, and pursuing strategic acquisitions to strengthen its market position.
- Market Reaction: Although Apollo's stock closed down 5.21% at $118.34 on February 19, it edged up to $118.88 in after-hours trading, gaining 0.46%, indicating market interest and recognition of its investment strategy.
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- Liquidity Crisis Warning: Senator Elizabeth Warren sharply criticized Blue Owl Capital's restriction on investor redemptions, likening the liquidity issues to a 'cockroach' that signals deeper, hidden problems, potentially leading to broader economic risks.
- Call for Federal Intervention: Warren directly urged the Trump administration to take action, warning that if left unchecked, these risky investments could spread to the wider economy, affecting ordinary Americans' retirement accounts.
- Stock Price Volatility: Following the announcement that Blue Owl would permanently replace quarterly redemptions in its $1.6 billion OBDC II fund with a 'return of capital' strategy, the firm's stock plummeted by as much as 5.93%, reflecting strong market reactions to its liquidity strategy.
- Company Defends Liquidity Strategy: Blue Owl CEO Craig Packer pushed back against the 'freeze' narrative during an earnings call, emphasizing that the move is an acceleration of liquidity rather than a blockade, with plans to return 30% of shareholder capital at book value over the next 45 days.
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- Investigation Launched: Pomerantz LLP is investigating claims on behalf of Apollo Global Management investors regarding potential securities fraud or other unlawful business practices, indicating serious concerns about corporate governance.
- Executive Discussions Exposed: Reports from the Financial Times reveal that Apollo executives engaged in extensive discussions about tax arrangements with Jeffrey Epstein throughout the 2010s, despite the firm previously claiming it 'never did any business' with him, which could further damage the company's reputation.
- Stock Price Decline: Following the news, Apollo's stock price fell by $7.69, or 5.72%, closing at $126.85 per share on February 3, reflecting market sensitivity to governance issues.
- Legal Context: Pomerantz LLP is a prominent securities class action law firm that has been fighting for the rights of victims of securities fraud for over 85 years, and this investigation could lead to significant financial liabilities for Apollo.
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- Market Volatility: US markets experienced volatility on Thursday due to escalating tensions between Washington and Iran, with the S&P 500 dropping 0.28%, the Dow Jones Industrial Average falling 0.54%, and the Nasdaq Composite declining 0.31%, reflecting investor concerns over geopolitical risks.
- Oil Price Surge: Concerns over potential military action in Iran pushed oil prices up nearly 2%, which could impact global energy market stability and exacerbate inflationary pressures, thereby affecting consumer spending and business costs.
- Blue Owl Liquidity Tightening: Blue Owl Capital's sale of $1.4 billion in loan assets led to a nearly 6% drop in its stock, raising alarms about the stability of the private credit market, which may also affect the stock performance of other asset management firms.
- Walmart Earnings Beat: Walmart's fiscal fourth-quarter results exceeded expectations due to growth in e-commerce, advertising, and its third-party marketplace, but its earnings forecast for the current fiscal year fell short of market expectations, potentially impacting investor confidence in its long-term growth prospects.
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- Securities Claims Investigation: Rosen Law Firm has announced an investigation into Apollo Global Management (NYSE: APO) for potentially issuing materially misleading business information, indicating that shareholders may be entitled to compensation.
- Stock Price Impact: Following a Financial Times article on February 1, 2026, detailing discussions between Apollo executives and Jeffrey Epstein regarding tax affairs, Apollo's stock fell by 1% on February 2 and 4.76% on February 3, highlighting the market's sensitivity to the news.
- Class Action Preparation: The firm is preparing a class action to recover investor losses, with no out-of-pocket fees required from investors, demonstrating a commitment to protecting shareholder rights.
- Firm's Track Record: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked first by ISS Securities Class Action Services in 2017, showcasing its strength and experience in this legal domain.
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