Blackstone Partners with OneDigital to Introduce Private Equity into 401(k) Plans
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Should l Buy APO?
Source: seekingalpha
- Partnership Formation: Blackstone (BX), Apollo Management (APO), and Ares Management (ARES) are collaborating with employer adviser OneDigital to integrate private equity and private credit into adviser-managed portfolios, addressing increasing competition in the sector.
- Market Access: This initiative aims to provide access to private market investments for U.S. 401(k) accounts and other defined-benefit retirement plans, highlighting the urgent demand for market entry among alternative investment firms.
- Investment Potential: Raj Dhanda, Ares' global head of wealth management, emphasized that retirement plan participants should have access to private market asset classes, which can drive growth, generate income, and offer long-term stability.
- Investment Process: The private investments will be included in OneDigital's Personalized Portfolio program, with all allocations subject to due diligence, liquidity guidelines, and fiduciary review to ensure investment safety and compliance.
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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: 110.250
Low
136.00
Averages
164.45
High
182.00
Current: 110.250
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.
- Investment Income Estimate: Apollo Global Management estimates its Q1 pre-tax alternative net investment income at approximately $205 million, translating to an annualized return of about 6%, indicating stable performance in alternative investments but falling short of market expectations.
- Athene Investment Returns: Apollo estimates that Athene's annualized return on investments in a pooled investment vehicle is around 7%, suggesting strong performance for the majority of its alternative investment portfolio, although this is a decline from the 10% return reported in Q4 2025.
- Other Investment Returns: The annualized return on Athene's other alternative investments, including retirement services platforms, stands at 3%, highlighting the need for a diversified investment strategy to mitigate challenges posed by market volatility.
- Market Reaction: Apollo's shares fell by 5.22% to $104.50 in pre-market trading on Thursday, reflecting investor concerns over the Q1 income estimate, which could impact future capital inflows and market confidence.
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- Class Action Initiation: Rosen Law Firm reminds investors who purchased Apollo Global Management (NYSE: APO) securities between May 10, 2021, and February 21, 2026, to apply as lead plaintiffs by May 1, 2026, to participate in the filed class action, as those who do not apply will not be represented legally.
- Lawsuit Background: The lawsuit alleges that Apollo Global's leadership frequently communicated with Jeffrey Epstein in the 2010s, contradicting the company's claims of no business dealings with Epstein, which has severely damaged the company's reputation and caused financial losses to investors.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its strong capabilities and successful track record in this field.
- Investor Action Recommendations: Investors can visit the Rosen Law Firm website or call the toll-free number for more information, emphasizing the importance of selecting qualified legal counsel to protect their rights, especially since the class action has not yet been certified, necessitating careful selection of legal representation to avoid potential legal risks.
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- Market Fluctuations: The S&P 500 Index closed up 0.11%, while the Dow Jones Industrial Average fell 0.13%, and the Nasdaq 100 Index rose 0.11%, reflecting volatility influenced by surging oil prices and economic data.
- Positive Economic Data: Weekly initial unemployment claims unexpectedly fell by 9,000 to 202,000, indicating a stronger labor market than the anticipated increase to 212,000, which could impact the Fed's interest rate policy.
- Impact of Oil Surge: Crude oil prices soared over 11% due to President Trump's tougher stance on Iran, leading to sharp declines in airline and cruise line stocks, with United Airlines and Carnival both down more than 3%.
- Corporate Developments: SBA Communications surged over 18% as it explores potential acquisition options, while Globalstar rose over 13% amid reports of Amazon's interest in acquiring the company, highlighting market focus on M&A activity.
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- Lawsuit Background: Hagens Berman has filed a securities class action against Apollo Global Management (APO), representing investors who purchased securities between May 10, 2021, and February 21, 2026, alleging that executives made false statements regarding their ties to Jeffrey Epstein.
- Market Reaction: Following a series of investigative reports, Apollo's stock plummeted over 15% in three weeks, resulting in approximately $12 billion in market capitalization loss, indicating severe investor concerns about the company's transparency and management integrity.
- Regulatory Investigation: Two major teachers' unions have urged the SEC to investigate Apollo's “lack of candor,” involving over $27.5 billion in capital commitments, further intensifying scrutiny on the company's governance practices.
- Critical Deadline: Investors must apply by May 1, 2026, to be appointed as Lead Plaintiff in the lawsuit, reflecting heightened awareness of the company's potential legal liabilities and the urgency for affected investors to act.
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- Oil Price Surge: Crude oil prices soared over 13% as President Trump took a tougher stance on Iran, reaching a 3.5-week high, which not only heightened inflation fears but also pushed bond yields higher, with the 10-year T-note yield rising by 2 basis points to 4.34%.
- Unemployment Claims Drop: Weekly initial unemployment claims unexpectedly fell by 9,000 to 202,000, indicating a stronger labor market than the anticipated increase to 212,000, which could provide support for the stock market amid rising inflation concerns.
- Global Market Decline: Overseas stock markets are lower, with the Euro Stoxx 50 down 2.25%, China's Shanghai Composite down 0.74%, and Japan's Nikkei 225 sharply falling 2.38% from a two-week high, reflecting global economic uncertainty and investor caution.
- Airline Stocks Plummet: Airline stocks are sharply lower as crude oil prices surged over 10%, raising fuel costs; United Airlines and American Airlines Group both fell more than 6%, highlighting the direct impact of rising oil prices on airline profitability.
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- Surging Market Demand: Intel is poised for a significant revenue and profit boost in Q2 due to skyrocketing demand for server CPUs driven by artificial intelligence, reflecting strong market performance during its transition.
- Price Increase Strategy: Intel raised server CPU prices by 10% to 15% twice in Q1, demonstrating a robust response to market demand, which further enhances its profitability.
- Strategic Acquisition of Apollo: Intel's $14.2 billion buyout of Apollo's 49% stake in Fab 34 in Ireland indicates strong confidence in the future output of this facility, particularly for the Granite Rapids server CPUs.
- Impact of Production Line Transition: While Intel is shifting production lines from client CPUs to server CPUs, creating a temporary supply
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