Apollo partners with Hostplus to launch $ 1.25 billion Asia

NEW YORK and MELBOURNE, Australia, June 22, 2022 (GLOBE NEWSWIRE) – Apollo (NYSE: APO) today announced the formation of the Asia Pacific Credit Strategy in Hostplus, one of the five largest superannuation funds in Australia. The new strategy launches with US $ 1.25bn in assets, following an inaugural raise that includes $ 500 million anchor commitment from Apostlo’s internal and affiliated insurance balance sheets. The dedicated strategy brings Apollo’s global credit platform together with local expertise to capitalize on growing private demand across Asia Pacific, providing companies and sponsors with flexible and bespoke solutions.

The Asia Pacific Credit Strategy is designed to leverage Apollo’s credit expertise and differentiated asset origination to high-quality opportunities across the yield spectrum. Today, Apollo has more than $ 10 billion1 of 60 investment professionals. Last year, Apollo appointed Partner Matt Michelini as Head of Asia Pacific, now based in Singapore, and long time Australia-based credit team led by Partner Anthony Hermann, among other key additions.

Apollo Co-President Jim Zelter said, “This strategy is a natural extension of our global credentials and demonstrating growing demand for non-bank lenders. We are pleased to launch Asia Pacific Credit in alignment with our long-term partners at Hostplus, who shares in our disciplined investment philosophy. ”

Hostplus CEO David Elia commented, “We are delighted to extend our 13-year relationship with Apollo, one of the leading global credit managers. This launch is part of our major investment strategy to help further diversify our investment portfolio to protect and grow our member investments over the long-term. Credit plays an important role in our strategic asset allocation and help stabilize our investment portfolio.

“We have Matt Michelini, Apollo Partner and Head of Asia Pacific,” he said. “This new strategy seamlessly combines our global capital base and the ability to provide large-scale, differentiated, cross-cutting structures with local expertise and origin.”

The Asia Pacific Credit Strategy will focus geographically on Australia, India, Singapore, South Korea and Hong Kong, with select deployment across other parts of the region. APAC for Apollo Launch of the strategy follows increasing investment activity. Recently, Apollo-managed credit funds provided a comprehensive, US $ 750 million financing for Mumbai International Airport Ltd., one of the largest-ever private placements in India. Apollo also helped to structure and make cornerstone investment in A $ 150 million sustainability-linked note issuance for Ampol in Australia, with targets that include carbon emission reductions and installation of EV charging points supported by 100% renewable energy.

In addition to increased investment opportunities in the region, Apollo continues to grow its partnership with key Asian and Australian investors. Since 2017, Apollo has raised more than $ 22 billion from institutional investors in the region.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients with additional investment strategies: yield, hybrid, and equity. For more than three decades, our investment expertise is based on the needs of our clients. Through Athene, our retirement services business, we specialize in helping clients achieve financial savings. Our patient, creative, and knowledgeable approach to investing our clients, businesses we invest in, our employees, and communities we impact, expand opportunity and achieve positive outcomes. As of March 31, 2022, Apollo had approximately $ 513 billion of assets under management. To learn more, please visit www.apollo.com.

About Hostplus
Hostplus has grown to be one of the largest industry super funds in Australia. With over 1.5 million members, more than 250,000 employers and $ 89 billion in funds under management (as at 20 April 2021), our scale and ongoing growth allows for low member costs and a wide range of investment opportunities. To learn more, please visit www.hostplus.com.au.

Contacts

Apollo

Noah Gunn
Global Head of Investor Relations
212-822-0540
[email protected]

Joanna Rose
Global Head of Corporate Communications
212-822-0491
[email protected]

Hostplus

Nathan Motton
+61 447 771 882
[email protected]

1 APAC-based assets as of 3/31/22 with pro forma inclusion of commitment to Mumbai International Airport Ltd.

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