Apollo Global Management (NYSE:APO) is one of the high-growth, low P/E stocks to buy now. On February 11, Apollo Global Management (NYSE:APO) spoke at the Bank of America Financial Services Conference. President Jim Zelter gave a cautious but positive outlook, noting how Apollo is focused on origination, global expansion, and AI infrastructure financing.
He also noted challenges in equity monetization. Apollo manages over $900 billion in assets and plans to raise $22–$25 billion for Fund XI. The firm is expanding in Europe and Asia, reinventing retirement services, and sees private credit and AI infrastructure as key growth drivers.
On February 9, Apollo Global Management entered into a strategic collaboration with Schroders. The two are joining forces to develop investment solutions that combine public and private market exposures for wealth and retirement clients in the UK and US markets.
The partnership aims to develop products that blend fixed-income exposures from Schroders, Schroders Capital, and Apollo’s private markets platform. Plans are underway to launch the first UK wealth market product targeting enhanced income solutions. In the US, they will launch a Collective Investment Trust for the defined contribution pension market.
Apollo Global Management CEO Marc Rowan expects the partnership to address the large and growing societal need for reliable income solutions. The remarks come as the company seeks to expand its reach beyond offering traditional private equity and credit funds to institutional investors. The push follows the record $228 billion in capital raised last year.
“We are going from serving one market—institutional [alternative-asset] portfolios—to serving six markets,” Rowan said.
Apollo Global Management, Inc. (NYSE:APO) is a leading global alternative asset manager. It focuses on generating excess returns through three main strategies: credit, private equity, and real assets. It also operates an integrated platform that serves institutional and individual investors, and provides retirement services and annuities through its subsidiary, Athene.
While we acknowledge the potential of APO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APO and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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