Brian Chu joins Apollo as partner to lead portfolio solutions team

NEW YORK - Apollo (NYSE:APO), an $82.56 billion market cap alternative asset manager with a "GREAT" financial health score according to InvestingPro, announced Monday that Brian Chu has joined the firm as Partner and Head of Apollo Portfolio Performance Solutions (APPS), while current leader Aaron Miller will transition to Chairman of APPS and is expected to retire at the end of 2026.

Chu, who brings over 20 years of operational leadership experience, will lead the APPS team’s efforts to provide strategic and operational support across Apollo’s private equity portfolio. He previously served as Senior Managing Director and co-head of portfolio operations at Centerbridge Partners, where he managed value creation initiatives for approximately 30 companies. The appointment comes as Apollo maintains strong operational metrics, with a healthy current ratio of 1.79 and consistent dividend payments for 15 consecutive years.

Miller, who has led APPS since 2019, will continue to advise on strategic initiatives and work with select portfolio companies on high-priority projects in his new role as Chairman.

"Brian’s exceptional ability to build high-performing operations teams, combined with his disciplined approach to value creation, makes him the ideal leader," said Antoine Munfakh, Partner and Head of Private Equity - North America, and Michele Raba, Partner and Head of Private Equity - Europe, in a press release statement.

The APPS team consists of 35 full-time professionals who specialize in areas including digital transformation, AI integration, procurement, and supply chain optimization. The group partners with portfolio company leadership to implement value creation strategies.

Apollo, a global alternative asset manager, had approximately $785 billion of assets under management as of March 31, 2025, according to the company’s announcement. The firm has demonstrated robust financial performance with $24.39 billion in revenue and $3.37 billion in net income over the last twelve months. For deeper insights into Apollo’s valuation and growth prospects, including exclusive analysis and Fair Value estimates, investors can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Apollo Global Management has made several notable moves that could interest investors. The company has reiterated its Overweight rating from Piper Sandler, despite a reduction in earnings per share estimates due to ongoing fee and spread challenges. Piper Sandler remains optimistic about Apollo’s position, highlighting its strength as an investment manager and the potential improvement in the deployment environment. In addition, Apollo Global Management has completed a significant transaction involving the sale of Brightstar Lottery’s Gaming & Digital business for approximately $4 billion. This transaction is expected to aid in debt reduction and shareholder returns for Brightstar.

Furthermore, Apollo has agreed to provide £4.5 billion in financing for Électricité de France’s UK projects, including the Hinkley Point C nuclear power station. This investment marks one of the largest sterling-denominated note issuances and underscores Apollo’s commitment to European energy projects. In a leadership update, Apollo appointed Kristiane Kinahan as its new chief accounting officer, bringing extensive experience from her tenure at Goldman Sachs. These developments reflect Apollo’s strategic initiatives and ongoing involvement in significant financial transactions.

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