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home / news releases / APO - Tiger Global builds large stake in Apollo Global - report

APO - Tiger Global builds large stake in Apollo Global - report

Apollo Global Management LLC Class A Representing Class A Limitied Liability Company Interests

2023-08-04 07:20:58 ET

  • Hedge fund Tiger Global has amassed a large stake in private equity firm Apollo Group ( NYSE: APO ).
  • The investment was disclosed by Tiger Global, which is run by Chase Coleman, in a mid-year investor letter from the fund, according to a Financial Times report on Thursday.  The size of the stake wasn't disclosed.
  • Tiger built up its stake in Apollo ( APO ) this year and has "selectively added" other new positions in the aerospace and healthcare sectors.
  • PE firm Apollo ( APO ) is not new to Tiger Global. The hedge fund built a large 8% stake in the firm in 2017 by purchasing blocks of shares from Abu Dhabi Investment Authority and the California Public Employee's Retirement System, sources have previously told the FT. The fund exited the majority of its APO position in early 2022 after more than doubling its money on the investment.
  • Apollo ( APO ) reported Q2 results on Thursday.

For further details see:

Tiger Global builds large stake in Apollo Global - report
Stock Information
Company Name: Apollo Global Management LLC Class A Representing Class A Limitied Liability Company Interests
Stock Symbol: APO
Market: NYSE
Website: apollo.com
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