The enterprises behind some of the world’s most enduring families don’t fit standard capital templates. They have growth ambitions to fund, ownership structures to protect, liquidity needs, and generational legacies to steward—often simultaneously, and rarely on a schedule. What they require is a partner with the scale to deliver, the creativity to structure, and the depth of understanding to know what they are actually trying to preserve.
We believe Apollo is that partner. Today, we are writing to say plainly: whatever you are building, growing, or looking to monetize—we want to be your first call.
Capital at Scale, Continuity of Vision
This summer, Yankee Global Enterprises turned to Apollo Sports capital (“ASC”) to secure capital for the Yankees’ next decade of growth. The organization is more than a sports franchise — it is a century-old institution that now spans a growing enterprise across hospitality, entertainment and global soccer, with ownership stakes in New York City FC and AC Milan. Through a landmark $2.6 billion financing agreement ASC provided the capital to accelerate that ambition while enabling the Steinbrenner family to maintain control. Bespoke capital solutions at scale, without surrendering ownership. That is the combination we are built and trusted to deliver.
ASC’s partnership with Atlético de Madrid can be defined by continuity of vision and stewardship. For the Club’s major shareholders CEO Miguel Ángel Gil and President Enrique Cerezo the vision extended well beyond the pitch: a transformative multi-use urban development surrounding the club’s stadium — a world-class destination for sport, leisure, culture, and a hub for the broader Madrid community — that would create lasting value for the city. We believe the investment by ASC will support the Club’s long-term vision for development and its ambition to deliver continued sporting success for millions of fans worldwide. Backing the existing leadership of Miguel Ángel Gil and Enrique Cerezo was important to ensure the continuity of their vision. When a capital partner becomes steward of a storied institution with more than 120 years of history, what it brings matters enormously.
Origination at the Speed of Ambition
When a veteran business builder set out to make QXO a dominant force in building products, he needed capital that could move alongside his acquisition strategy — even before the targets were identified. In January, Apollo led a $1.2 billion commitment to invest in QXO through a new series of convertible preferred stock, structured to fund acquisitions as they closed. Within a week, the commitment expanded to $3 billion, led by Apollo and Temasek alongside other investors. QXO subsequently drew $2 billion of the capital to help finance its acquisition of Kodiak Building Partners and the remaining $1 billion to help fund its approximately $17 billion acquisition of TopBuild.
When AUTODOC founders Alexej Erdle, Max Wegner and Vitalij Kungel were ready to take the business into its next chapter, Apollo Funds provided €350 million of flexible partnership capital to support the continued growth of one of Europe’s leading online automotive parts platforms, while allowing them to retain significant ownership. It was the first time the founders had brought in any external partner. Along the way, we worked with management to further institutionalize the business, strengthen governance, and position AUTODOC for a potential future IPO. Two transformative years later, AUTODOC successfully refinanced Apollo Funds’ investment through the debt markets and carried the business forward entirely on their own terms, with a clear readiness for the capital markets. CEO Dmitri Zadorojnii said “Apollo’s contribution went well beyond capital” — that’s real partnership.
A Platform Built for Complexity
“In a market evolving quickly with increasing demand for capital, the breadth of our origination capabilities combined with a principal mindset positions us to help shape what comes next.” — Marc Rowan, CEO, Apollo
For family offices, that breadth is the point. You may be financing an acquisition, creating liquidity against assets you intend to keep, adding leverage across a portfolio, or pursuing an opportunity that calls for something entirely bespoke. Apollo brings direct lending, asset-based finance, NAV and portfolio finance, and hybrid, preferred and investment-grade capital together—not as a menu to choose from, but as a toolkit we configure around what you are actually trying to accomplish.
Our portfolio finance business illustrates what that partnership can look like over time. Seventy percent1 of our fund financings come from repeat clients—across NAV loans, hybrid and structured capital, subscription lines and continuation vehicle financing. Behind those mandates is three decades of experience structuring complex, multi-asset transactions. They know that no two family balance sheets are alike, and they build accordingly.
Every family we work with has built something worth protecting. Whether you are looking to acquire, grow, create liquidity, or preserve ownership in the enterprises you have spent a lifetime building — we would welcome the conversation.
Please reach out to your Apollo relationship manager or contact the team directly. We seek to be a trusted partner for flexible capital at scale.
Sincerely,
Your Apollo Global Family Office Team
1As of June 30, 2026
The investments referenced in this newsletter have been selected using objective, non-performance criteria to represent the most recent deal announcements, closings or exits of founder or family-owned businesses.
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