Street Calls of the Week
NEW YORK - Apollo (NYSE:APO), a prominent $71.6 billion market cap investment management firm with a strong financial health score according to InvestingPro, has appointed Bert Crouch as Partner and Head of Real Estate Equity, the company announced Tuesday.
Crouch will lead Apollo’s real estate equity business, which includes Bridge Investment Group, acquired earlier this year, and the firm’s existing strategies. He joins Apollo after more than 20 years in real estate investment and portfolio management, most recently serving as Head of North America at Invesco Real Estate since 2020. The appointment comes as Apollo maintains its 15-year track record of consistent dividend payments, demonstrating long-term stability in its operations.
Robert Morse, currently Executive Chairman of Bridge, will transition to a Vice Chairman role at Apollo focused on origination and client relationships. Jonathan Slager will continue as CEO of Bridge, working with Crouch to expand the real estate equity platform.
"Bert is an industry veteran with deep investment experience, leadership acumen and a strong track record of driving growth initiatives," said Apollo Partner and Co-Head of Equity David Sambur in the press release.
Crouch previously served as CEO of Invesco Commercial Real Estate Finance Trust and was a portfolio manager for various opportunistic and credit funds. He was also a member of Invesco Real Estate’s Global Executive Committee.
"Joining Apollo at this moment represents a unique opportunity to help lead a scaled, vertically integrated real estate platform with the ability to invest across cycles," Crouch stated.
Apollo’s real estate platform currently manages more than $110 billion in assets across equity and credit strategies. The firm has approximately $840 billion of total assets under management as of June 30, 2025, maintaining strong liquidity with current assets exceeding short-term obligations. For detailed analysis and additional insights about Apollo’s financial performance, investors can access comprehensive research reports on InvestingPro, which currently shows the stock trading at levels suggesting slight undervaluation compared to its Fair Value.
In other recent news, Apollo Global Management has announced that its funds will acquire Eagle Creek Renewable Energy, a company that operates hydroelectric facilities across the United States. The financial details of this transaction have not been disclosed. Meanwhile, Apollo’s European private equity lead, Alex van Hoek, suggested that the firm sees more buyout potential in Europe than in the U.S., indicating a strategic shift in their investment focus. Additionally, Apollo is reportedly in discussions with Skydance Media’s David Ellison regarding a potential $60 billion bid for Warner Bros. Discovery, with Apollo emerging as a key potential partner in this deal.
In another development, BMO Capital has initiated coverage on Apollo Global Management with a Market Perform rating, highlighting the firm’s robust private credit capabilities. In related corporate news, Shutterfly has announced a leadership change, with Emily Whittaker set to take over as CEO following Sally Pofcher’s planned departure. Pofcher’s tenure was marked by significant transformations within the company, leading to record performance. These recent developments provide insight into the strategic moves and leadership changes within these companies.
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