Business Breakdowns Apollo: Connoisseurs of Complexity - [Business Breakdowns, EP.208]
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Mar 14, 2025 
Hunter Hopcroft, a financial analyst and writer based in New York, delves into the fascinating world of Apollo, a global alternative asset manager. They discuss Apollo's origins from Drexel Burnham and its evolution into a powerhouse in the alternative asset space. The conversation highlights Apollo's knack for complexity, unique investment strategies, and its strategic maneuvers in the competitive landscape, especially in private equity and insurance. Tune in for insights on how Apollo stays ahead in the ever-evolving financial markets!
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Apollo's DNA: Complexity and Liquidity
- Apollo's DNA is finding areas with complexity and less liquidity, but with the same investment-grade rating.
- This focus on balance sheets and complex deals defines Apollo.
Contrasting Beginnings: Apollo vs. Blackstone
- Blackstone started with a small $400,000 fundraise.
- Apollo, leveraging Drexel's network, secured a $400 million initial fundraise.
Executive Life: A Controversial Launchpad
- Credit Lyonnais hired Apollo to manage distressed debt after Drexel's collapse.
- The Executive Life deal, though controversial, propelled Apollo's success.