APO - Apollo Global boosts diverse spend target to $2B by end-2025

April, 12 2023 09:10 AM Apollo Global Management LLC Class A Representing Class A Limitied Liability Company Interests

2023-04-12 09:10:43 ET

Apollo Global Management ( NYSE: APO ) said Wednesday that it achieved over $1B in diverse spending across its funds' private equity portfolio with an emphasis on minority- and women-owned suppliers.
As part of Apollo's ( APO ) Supplier Diversity Program, launched in 2021, the firm said it has expanded its target to reach $2B in diverse spend by the end of 2025 in an effort to drive economic impact for diverse-owned businesses.
“Going forward, we will continue to work with these businesses to drive long-term, sustainable value creation across our funds’ portfolio companies, while also pushing for greater impact across our industry,” said Matt Nord and David Sambur, co-heads of Private Equity for Apollo.
Last month, (March 30) Apollo was said to consider offering as much as $2.78B for Arconic .

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Company Name:	Apollo Global Management LLC Class A Representing Class A Limitied Liability Company Interests
Stock Symbol:	APO
Market:	NYSE
Website:	apollo.com