Why Is Private Equity Giant Apollo Global Management Stock Shooting Higher Today?

Apollo Global Management, Inc. (NYSE:APO) shares are trading higher premarket today. On Friday, S&P Dow Jones Indices disclosed Apollo Global Management will join the S&P 500, effective December 23, 2024.

In another development today, Apollo, along with Banco Santander, S.A. (NYSE:SAN), disclosed that Apollo-managed funds and affiliates will invest in an around $370 million portfolio of infrastructure credit.

The transaction was led by Apterra, an Apollo affiliate established in 2023, specializing in innovative financing solutions for infrastructure projects.

Apollo Partner and President of ACT ...

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