Latest news with #ApolloGlobal
Al Arabiya
14 hours ago
- Business
- Al Arabiya
Meta seeks $29 billion from private capital firms for AI data centers: Report
Meta Platforms is seeking to raise $29 billion from private capital firms to build artificial intelligence data centers in the US, the Financial Times reported on Friday. The Facebook-parent has advanced discussions with private credit investors including Apollo Global Management, KKR , Brookfield , Carlyle and PIMCO, the report said, citing people familiar with the matter. Meta is looking to raise $3 billion in equity and $26 billion in debt, the report said, adding that the company is debating how to structure the debt raising and may also seek to raise more capital. Such a fundraising comes at a time when Meta has doubled down its commitment to artificial intelligence, including a $14.8 billion investment in startup Scale AI. Meta CEO Mark Zuckerberg had said in January the company would spend as much as $65 billion this year to expand its AI infrastructure, seeking to strengthen its position against competitors OpenAI and Google in the race to lead the AI technology landscape. Meta and Carlyle declined to comment, while Apollo Global, KKR, Brookfield and PIMCO did not immediately respond to Reuters' requests for comment. Meta was working with its advisers at Morgan Stanley to arrange the financing, and it was considering ways that could make the debt more easily tradeable once it was issued, the FT report said. Major tech companies are investing heavily to secure the vast computing power needed to run AI models, fueling demand for specialized data centers that link thousands of chips into high-performance clusters. Microsoft has planned a capital expenditure of $80 billion in fiscal 2025, with most of it aimed at expanding data centers to ease capacity bottlenecks for AI services. Bloomberg News reported in February that Apollo Global Management is in talks to lead a roughly $35 billion financing package for Meta to help develop data centers in the United States.
CNBC
2 days ago
- Business
- CNBC
U.S. is still 'exceptional' despite rest of world outperformance this year, Apollo's Marc Rowan says
The U.S. stock market is underperforming the rest of the world this year but that doesn't mean American exceptionalism is dead, according to Apollo Global CEO Marc Rowan. The S & P 500 is a little more than 4% higher in 2025, underperforming other overseas markets that have surged this year as investors diversifed away from the U.S. The iShares MSCI ACWI ex US exchange-traded fund (ACWX) has rallied almost 17% year to date. Individual stock exchanges have performed even better. German stocks have soared more than 30% this year. China stocks are up more than 18%. But the U.S. is far from unattractive, Rowan said. Even with continued risks ranging from a ballooning fiscal deficit to geopolitical uncertainty, the U.S. stock market will continue to remain compelling to institutional investors, as it has for the last 15 years, the investor said. That's owing to the strength of the tech sector. "We were, as I sometimes say, hyper exceptional," Rowan told Morningstar CEO Kunal Kapoor on stage at the Morningstar Investment Conference in Chicago. "Ten stocks became 40% of the S & P, those 10 stocks were at a 60 P/E at one point. And one stock, Nvidia, that was greater than the market cap of every stock exchange other than Japan. That is hyper exceptional." "We are now moving to merely exceptional," Rowan added. "And so, on the margin, money will now flow to Europe and China, because the U.S. has made itself, on the margin, less attractive. That does not mean less attractive to Europe and China." .SPX YTD mountain S & P 500, year to date Indeed, on Thursday, the S & P 500 was on the cusp of an all-time high, less than 1% below its February peak, after clawing back all its losses following the tariff-induced April selloff. Tech stocks have led the way. Information technology and communication services are the top two S & P 500 sectors this quarter, rallying 21% and 15%, respectively. Within that universe, semiconductors have outperformed, with the VanEck Semiconductor ETF (SMH) up more than 30% over that time. Nvidia is up more than 40%. "You look at the world, the world has three big investment blocks. You can invest in China, you can invest in Europe. You can invest here," Rowan said. "I would rather be here." "We are just the cleanest dirty shirt," he said. "Every problem we have is worse in the other two regimes."
RTÉ News
20-06-2025
- Business
- RTÉ News
Apollo to fund £4.5 billion for Hinkley Point nuclear project
US private equity group Apollo Global will provide £4.5 billion in financing to support Britain's long-delayed Hinkley Point nuclear project, the Financial Times reported today, citing people familiar with the matter. The project, controlled and financed by French power giant EDF, is Britain's first new nuclear plant in more than two decades as London seeks to replace its ageing fleet to boost energy security, reach climate targets and create new jobs. Apollo declined to comment on the FT report, while Britain's energy department, and EDF - which runs Europe's largest nuclear fleet - did not immediately respond to Reuters requests for comment. The Hinkley project has had several delays and cost overruns, especially after China General Nuclear Power Group pulled out in 2023. It is currently expected to start operations in 2029, with an estimated cost of between £31 billion and £34 billion at 2015 prices. Apollo's funding is expected to be provided as unsecured debt at an interest rate of just under 7%, the report said, adding that it could be used for other projects by EDF, but Hinkley Point was expected to be the primary target for the package. The UK government last week said it would invest a further £14.2 billion to build the Sizewell C nuclear plant in southeast England, a second major new nuclear project for the country.
Reuters
20-06-2025
- Business
- Reuters
Apollo to provide $6 billion funding for UK's Hinkley point nuclear project, FT reports
June 20 (Reuters) - U.S. private equity group Apollo Global (APO.N), opens new tab will provide 4.5 billion pounds ($6.08 billion) in debt financing to support Britain's Hinkley Point nuclear project, the Financial Times reported on Friday, citing people familiar with the matter. Apollo declined to comment on the report, while EDF did not immediately respond to a Reuters request for comment. ($1 = 0.7407 pounds)
CNBC
05-06-2025
- Business
- CNBC
Private equity stocks to buy on the dip, and finding buying opportunities in small caps
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors on Thursday are looking at alternative asset manager names as potential rebound plays, along with small-cap stocks. Another investor is looking at how to play the quantum computing space. Worldwide Exchange picks: Apollo Global and Blackstone Storm Uru of LionTrust Asset Management sees upside in alternative asset managers Apollo Global and Blackstone that are both more than 30% off their 52-week high. "The long term structural case for these companies is really exceptional," Uru said. "We need long term structural build out both in compute and the data center." "We know over the next 10 years a significant amount of capital is needed to build out these assets. Apollo and Blackstone are going to be the companies that enable this build out. There has been a pull back over the last 3 months from a stock price perspective that gives us the ability to make investments in these particular companies," Uru said. Worldwide Exchange pick: small caps Greg Tuorto of Goldman Sachs sees continued upside for the Russell 2000 , which has been higher for eight of the past nine weeks but is still underperforming the S & P 500 in 2025. "It's been a sum of all fears for everything, the economy, tariffs, everything that you worry about have really found a home in small caps," said Tuorto. However he added, that trend is changing. "We are starting to see money flow back in… and technicians are calling for a more sustained move from here." Tuorto's top picks in the space include: Ollie's Bargain Outlet , Shake Shack and Piper Sandler . Robert Smith on Quantum Computing Vista Equity Partners CEO Robert Smith said quantum computing will become increasingly important as software become more agentic. "When you create agents, one user now goes to multiple agents … you have now increased the surface area of attack as a user we have to protect you from cyber attack," Smith said. "With agents you have a multiplicity of surface area for attack vectors. Quantum encryption will become … a very unique way in which we can protect our agents." "In some cases in an environment in a virtual machine, in other cases it's going to protect specific and individual agents in the environment in which they operate. Those are the two phases we are already working on today with very specific partners. How to use quantum computing as a protecting agent for our agents," he added.
