Bert Crouch appointed Partner and Head of Real Estate Equity at Apollo, overseeing real estate business growth and strategy.
Quiver AI Summary
Apollo has announced the appointment of Bert Crouch as Partner and Head of Real Estate Equity, where he will oversee the firm’s real estate equity business, including the recently acquired Bridge Investment Group. Crouch brings over 20 years of experience in real estate investment and portfolio management, previously serving as Head of North America at Invesco Real Estate. As part of the transition, Robert Morse will move to a Vice Chairman role focusing on relationships, while Jonathan Slager continues as CEO of Bridge. Apollo emphasizes its commitment to a strong real estate equity platform, highlighting Crouch's leadership as key for growth and innovation in the sector. Apollo currently manages more than $110 billion in real estate assets and aims to leverage emerging market opportunities under Crouch’s guidance.
Potential Positives
- Bert Crouch's appointment as Partner and Head of Real Estate Equity signifies a strategic move to enhance Apollo's real estate equity platform, which includes the recently acquired Bridge Investment Group.
- Crouch's extensive experience in real estate investment and portfolio management positions Apollo to better capitalize on emerging market opportunities and drive innovative growth within its equity business.
- The transition of Robert Morse to Vice Chairman reflects a restructuring aimed at strengthening corporate and client relationships, indicating a focus on long-term success for Apollo's real estate strategies.
- The press release highlights Apollo's substantial assets under management in real estate, totaling over $110 billion, demonstrating the firm's robust market presence and diversified investment capabilities.
Potential Negatives
- Appointment of Bert Crouch as head of Real Estate Equity may raise concerns about leadership stability or strategic direction at Apollo, particularly given the transition of Robert Morse into a new role.
- The reliance on forward-looking statements regarding performance could indicate uncertainty about future business conditions, raising caution among investors.
- Integration of Bridge Investment Group may pose challenges, with potential complications stemming from merging different corporate cultures or operational systems.
FAQ
Who is Bert Crouch, and what is his new role at Apollo?
Bert Crouch has been named Partner and Head of Real Estate Equity at Apollo, leading its real estate equity business.
What experience does Bert Crouch bring to Apollo?
Crouch has over 20 years of experience in real estate investment and portfolio management, previously serving as Head of North America at Invesco Real Estate.
What is Apollo's real estate equity platform size?
Apollo’s real estate platform manages more than $110 billion in assets with diverse investment strategies across real estate equity and credit.
What are the goals for Apollo's real estate equity business?
The goals include accelerating growth, capitalizing on emerging opportunities, and providing strong outcomes for investors in various key sectors.
How does Bert Crouch perceive his role at Apollo?
Crouch sees his position as an opportunity to lead a scaled platform, leveraging market opportunities across real estate cycles for client success.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$APO Congressional Stock Trading
Members of Congress have traded $APO stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $APO stock by members of Congress over the last 6 months:
- REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.
- REPRESENTATIVE RITCHIE TORRES sold up to $15,000 on 07/11.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$APO Insider Trading Activity
$APO insiders have traded $APO stock on the open market 6 times in the past 6 months. Of those trades, 1 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $APO stock by insiders over the last 6 months:
- LEON D BLACK sold 915,000 shares for an estimated $122,637,450
- MARTIN KELLY (Chief Financial Officer) has made 0 purchases and 3 sales selling 19,500 shares for an estimated $2,779,502.
- WHITNEY CHATTERJEE (Chief Legal Officer) sold 4,500 shares for an estimated $657,148
- PAULINE RICHARDS purchased 550 shares for an estimated $78,071
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$APO Hedge Fund Activity
We have seen 594 institutional investors add shares of $APO stock to their portfolio, and 461 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VICTORY CAPITAL MANAGEMENT INC added 2,230,750 shares (+1670.1%) to their portfolio in Q2 2025, for an estimated $316,476,502
- BLACKROCK, INC. removed 2,177,928 shares (-6.1%) from their portfolio in Q2 2025, for an estimated $308,982,645
- CAPITAL RESEARCH GLOBAL INVESTORS added 1,887,106 shares (+26.5%) to their portfolio in Q2 2025, for an estimated $267,723,728
- D. E. SHAW & CO., INC. removed 1,569,337 shares (-94.4%) from their portfolio in Q2 2025, for an estimated $222,641,840
- BOSTON PARTNERS removed 1,189,444 shares (-43.7%) from their portfolio in Q2 2025, for an estimated $168,746,420
- ALLIANCEBERNSTEIN L.P. removed 1,168,627 shares (-47.2%) from their portfolio in Q2 2025, for an estimated $165,793,112
- NORGES BANK removed 1,167,841 shares (-14.8%) from their portfolio in Q2 2025, for an estimated $165,681,602
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$APO Analyst Ratings
Wall Street analysts have issued reports on $APO in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Wells Fargo issued a "Overweight" rating on 07/11/2025
- Citigroup issued a "Buy" rating on 07/10/2025
- Piper Sandler issued a "Overweight" rating on 05/05/2025
- Barclays issued a "Overweight" rating on 05/05/2025
To track analyst ratings and price targets for $APO, check out Quiver Quantitative's $APO forecast page.
$APO Price Targets
Multiple analysts have issued price targets for $APO recently. We have seen 6 analysts offer price targets for $APO in the last 6 months, with a median target of $157.5.
Here are some recent targets:
- Christopher Allen from Citigroup set a target price of $150.0 on 10/13/2025
- Benjamin Budish from Barclays set a target price of $147.0 on 10/08/2025
- Glenn Schorr from Evercore ISI Group set a target price of $160.0 on 08/06/2025
- Michael Brown from Wells Fargo set a target price of $173.0 on 07/11/2025
- John Barnidge from Piper Sandler set a target price of $174.0 on 05/05/2025
- Benjamin Rubin from UBS set a target price of $155.0 on 05/01/2025
Full Release
NEW YORK, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Bert Crouch has been named Partner and Head of Real Estate Equity at Apollo. Crouch will lead Apollo’s real estate equity business, encompassing Bridge Investment Group (“Bridge”), the real estate equity platform company acquired earlier this year, as well as the firm’s existing strategies. Robert Morse, currently serving as Executive Chairman of Bridge, will transition into a Vice Chairman role at Apollo focused on origination along with corporate and client relationships. Jonathan Slager will continue in his role as CEO of Bridge, working alongside Crouch to drive growth across the real estate equity platform.
Crouch brings more than 20 years of real estate investment and portfolio management experience across equity and credit, with a focus on thematic, high conviction strategies across the capital structure. He joins Apollo from Invesco Real Estate, where he most recently served as Head of North America since 2020, Chief Executive Officer of Invesco Commercial Real Estate Finance Trust, Inc. since its launch in 2023, and Lead Portfolio Manager of various opportunistic and credit funds dating back to 2010. Crouch was also a member of Invesco Real Estate’s Global Executive Committee and Invesco Private Markets’ Executive Committee.
Apollo Partner and Co-Head of Equity David Sambur said, “Bert is an industry veteran with deep investment experience, leadership acumen and a strong track record of driving growth initiatives, and his hiring underscores Apollo’s commitment to support a best-in-class real estate equity business. We believe our leading platform is well-positioned in the industry, with capabilities that span equity and credit and an exceptionally talented senior team. I am confident Bert’s leadership will accelerate our ability to execute on our long-term strategy amid improving market fundamentals.”
Crouch said, “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 and deliver for clients in both institutional and wealth channels. We see clear market opportunities emerging, particularly in sectors where Apollo has strong conviction, including housing, industrial, net lease and other key verticals. I look forward to working with the team and our investors to build on this strong foundation and drive the business’ next phase of growth.”
Morse said, “Bert is a talented real estate investor and executive who is ideally suited to drive growth in Apollo’s real estate equity business. Bringing on a leader of his caliber speaks to the strength of our combined platform as we position the business for long-term success.”
Slager said, “Bridge and Apollo share a deep commitment to performance, innovation and partnership, and with Bert’s addition, we are even better positioned to execute on our strategy, capitalize on emerging opportunities and deliver strong outcomes for our investors.”
Apollo’s real estate platform has more than $110 billion of assets under management with diversified investment strategies across real estate equity and credit. Apollo’s real estate equity franchise operates with specialized investment expertise and a nationwide operating footprint.
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately $840 billion of assets under management. To learn more, please visit www.apollo.com .
Forward-Looking Statements
In this press release, references to “Apollo,” “we,” “us,” “our” and the “Company” refer collectively to Apollo Global Management, Inc. and its subsidiaries, or as the context may otherwise require. This press release may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business, its liquidity and capital resources and other non-historical statements. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in our annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2025, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.
Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
[email protected]
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
[email protected]