24th April 2025. Hg, a leading investor in European and transatlantic software and services businesses, today announces three new Partner promotions and seven promotions to Director. Hg has also appointed Brian Mason as the firm’s new Chief Information Officer.

All promotions recognise both individuals’ significant contributions to date and ability to help lead the firm in the future, as Hg scales its investment and operational capacity to create world-class businesses that translate technology to the workplace. Today, Hg backs more than 50 businesses supplying critical software or workflow services that transform how people work, with revenues typically growing at circa 20% annually. This includes several European technology champions that have scaled across decades, such as Visma, headquartered in Norway, IFS, headquartered in Sweden, and P&I, headquartered in Germany. The combined enterprise value of Hg’s portfolio has now grown to over $160 billion.

Matthew Brockman, Managing Partner at Hg, said:

Joe Jefferies is an investor in the Saturn team, based in the London office, and focuses on Tax & Accounting and ERP & Payroll clusters. He has co-led investments in and sits on the boards of IRIS Software Group, The Access Group, Dext, and Howden Group.

Louis Kinsella is an investor in the Mercury team, based in the London office, and focuses on Hg’s ‘Office of the CFO’ cluster. He played an integral role in establishing Hg’s presence in the US, before returning to London. Louis has also played key roles in Hg’s investments in Prophix, CTAIMA, CINC, Azets, Citation Group, and GTreasury.

Jonathan Wulkan is an investor in the Saturn team and helped to launch Hg’s San Francisco office. He focuses predominantly on Hg’s ERP and Fintech clusters. He has played a key role in Hg’s investments into AuditBoard, IFS, Sovos, and WorkWave – recently leading Hg’s additional investment into IFS.

Brian will be based in the firm’s London office and joins from BC Partners where he was Group Chief Technology Officer. He will shape Hg’s approach to technology infrastructure, data, and AI while collaborating with Hg’s Value Creation Team.

The seven promotions to Director span several teams: Mathijs de Bruijn (Client Services), Matthijs Deroo (Genesis), Katie Forbes (Hg Wealth), Chelsea Lau (Capital Markets), Thomas Martin (Mercury), Stefanie Raiola (Genesis), and Sebastian Zureich (Mercury).

For further information, please contact:

Hg
Tom Eckersley, tom.eckersley@hgcapital.com
Sam Ferris, sam.ferris@hgcapital.com

About Hg

Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. This industry is characterised by digitization trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come.

Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.

With a vast European network and strong presence across North America, Hg’s 400 employees and around $75 billion in funds under management support a portfolio of around 50 businesses, worth over $160 billion aggregate enterprise value, with around 115,000 employees, consistently growing revenues at more than 20% annually.

MENLO PARK, Calif. & NEW YORK – April 17, 2025 – Silver Lake, the global leader in technology investing, announced today the expansion of its senior leadership team. Karen King, a deeply respected Silver Lake executive who joined the firm over 21 years ago and has served as Managing Director & Chief Legal Officer since 2010, has been promoted to the newly created business role of Managing Director & Chief Operating Officer. Justin Hamill, who has served as esteemed outside counsel to Silver Lake for over a decade, will be joining the firm to become its Managing Director & Chief Legal Officer.

In her new role, King will formally assume the expanded leadership responsibilities she has taken on in key areas over the last several years. In addition to partnering with Hamill as he leads the global Legal & Compliance function, she will continue to provide oversight of the Human Resources, Government Affairs and Investor Relations functions. King will be positioned to engage more deeply in her current service on the boards of some of Silver Lake’s largest portfolio companies, such as Relativity and Qualtrics, as well as the board of Endeavor, which she joined recently. Previously, she represented Silver Lake on the boards of Serena Software and Aras. Building on that experience and leveraging a long career of transaction execution, King will devote increasingly more time to investment activities.

Hamill joins Silver Lake from his role as Global Chair of M&A for the global law firm Latham & Watkins, where he was twice named The American Lawyer’s “Dealmaker of the Year.” Over the last decade, he has advised Silver Lake on more transactions than any other outside counsel, including most recently its investments in Vantage, Khazna and ProService as well as the carveouts of Qualtrics from SAP and Altera from Intel.

“At Silver Lake, we strive for exceptionalism in our talent. We are thrilled to congratulate Karen, our extraordinary partner and consigliere, on this well-earned promotion, and to have Justin, an elite legal mind and sage advisor, joining our senior leadership team,” said co-CEOs Egon Durban and Greg Mondre. “The depth of both of their experience and wisdom will be instrumental as we continue to grow our platform and pursue our investment strategies.”

Silver Lake would also like to take this opportunity to recognize a cherished long-standing contributor who is retiring from the firm to spend more time with his family. After 17 years at Silver Lake, Andy Schader, the firm’s vaunted General Counsel, will transition to an Of Counsel role at the end of next month.

“We are extremely grateful to Andy for his many years of dedication and innumerable contributions to the firm, and we wish him all the best in his well-earned next chapter,” said Durban and Mondre.

About Silver Lake

Silver Lake is a global technology investment firm, with approximately $104 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio companies collectively generate nearly $252 billion of revenue annually and employ approximately 433,000 people globally.

Gary Cohn to join the Board as Lead Independent Director

Outgoing Chair and Lead Independent Director Jay Clayton assuming role as interim US Attorney for SDNY

NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced changes to its Board of Directors. Financial services leader Gary Cohn has been appointed to the Board as Lead Independent Director. Jay Clayton, who has served as Chair and Lead Independent Director since March 2021, has informed Apollo that he will assume the role of Interim US Attorney for the Southern District of New York on April 22, 2025 and his resignation from the Apollo Board will be effective as of April 21, 2025. In addition, CEO Marc Rowan has been appointed to the expanded role of CEO and Chair of the Board. Both appointments will be effective as of April 21, 2025.

Commenting on the Board appointments, Clayton said, “It was an honor to Chair the Apollo Board of Directors over the past four years. Our Board has overseen a remarkable transformation to shareholder-aligned stewardship and our management team, under Marc Rowan’s leadership, has delivered outstanding results for all our stakeholders. I am pleased to welcome Gary Cohn to the Board. Gary has a wealth of business and financial services experience across both the private and public sectors and has an unparalleled understanding of the role financial services firms play in our global economy. His appointment as Lead Independent Director supports Apollo’s continued commitment to best-in-class governance. I am pleased Marc has accepted the Board’s request to take on the expanded role of Chair where he will continue to provide stakeholder-oriented leadership, shape firm strategy and ensure operational excellence.”

Cohn said, “I couldn’t be more excited to work with a transformational firm like Apollo that is driving the financial services industry forward. With the ongoing convergence of public and private markets, this is a remarkable time to create value for its shareholders and investors. I look forward to working with Marc and the Board to help Apollo capitalize on this opportunity and execute its growth plans.”

Rowan said, “In just a few years, Jay has made tremendous and lasting contributions to Apollo, and he was a stabilizing force at an extraordinary time for our firm. He operates with the highest integrity, and we are grateful for his strong stewardship. With his forthcoming departure, I can think of few professionals more qualified to help fill his shoes than Gary Cohn, who we are pleased to appoint as Lead Independent Director.”

Gary Cohn is the Vice Chairman of IBM and former director of the US National Economic Council. He spent 26 years with Goldman Sachs, including a decade as President and Chief Operating Officer from 2006-2016. He began his career in commodities trading in 1982. He is a member of the Board of Trustees of NYU Langone Health and is a graduate of American University.

Accounting for these changes, Apollo continues to maintain a two-thirds independent Board of Directors.

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 December 31, 2024, Apollo had approximately $751 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 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,” “seek,” “continue,” “will,” and variations of such words 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, including 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. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our other filings with the SEC. 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
ir@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
212-822-0491
communications@apollo.com

CVC is pleased to announce the appointment of John Kelleher as a new Managing Partner. John will join in early Q3 2025 to focus on driving value creation across our portfolio and will be based in New York.

John brings a strong mix of private equity and operational leadership experience having spent over nine years at McKinsey & Company. Most recently he was a Senior Partner and Interim CEO/CXO in the firm’s special operations unit, McKinsey Transformation, where he led numerous corporate transformations across sectors such as technology, industrials, infrastructure and services. Prior to McKinsey, he was a senior member of the operating team at Brookfield Asset Management and he has also been CEO of private equity-backed companies, with a focus on strategic execution and value creation. Earlier, he was a co-founder and partner of a mid-market private equity firm and an investment banker at Goldman Sachs.

As part of our long-term succession planning, Jean-Remy Roussel, Managing Partner and Global Head of Operations, who started the CVC Operations team 17 years ago, will transition to Senior Adviser in H1 2026 and will continue to drive value through to exit in those portfolio companies where he remains a Board member. Jean-Remy will gradually transition his day-to-day responsibilities to John who will lead Global Operations going forward.

Rob Lucas, CEO of CVC, said: “On behalf of CVC, I’d like to thank Jean-Remy for his outstanding contributions over the last 17 years. In that time, Jean-Remy has been instrumental in building out our Operations capabilities and we wish him all the best for the future. Building on this strong foundation, we are delighted to welcome John to the team. His deep operational expertise and proven leadership in complex transformations will further strengthen our ability to support portfolio companies and deliver long-term value to our investors.”

Jean-Remy Roussel added: “Having been at CVC since 2008, the time feels right to step back from the Operations team and hand over the reins to John. I’m immensely proud of what we’ve built together over the years and I’m deeply grateful to my colleagues across the CVC Network for their support, collaboration and friendship. I can’t wait to see what the firm achieves in the future.”

John Kelleher said: “I am honoured to be joining CVC, an outstanding platform with an exceptional reputation. I look forward to working alongside the talented team to help drive growth and performance across the portfolio.”

Former CFO and Head of Portfolio Strategy at PwC to Support Professional and Tech-Enabled Services Companies

NEW YORK, NY – April 10, 2025 — Warburg Pincus, the pioneer of private equity global growth investing, today announced the appointment of Martyn Curragh as a Senior Advisor working within the firm’s Technology and Services practice. In his role, Mr. Curragh will work with Warburg Pincus to identify, evaluate and support new investment opportunities and advise portfolio companies on strategic growth and value creation initiatives, with a focus on professional and tech-enabled services companies.

Martyn Curragh was Chief Financial Officer and Head of Portfolio Strategy at PwC, where he played a key role in optimizing revenue, profitability growth and evolving the firm’s investment processes and operating model to drive efficiencies. He successfully executed several significant business divestitures and led acquisitions focused on strategic growth. He previously led PwC’s U.S. Deals practice, driving significant revenue growth through broadening and enhancing capabilities and offerings to both private equity and corporate clients.

Warburg Pincus continues to be an active investor in professional and tech-enabled services, with a strong track record of investing in companies including Aztec Group, Specialist Risk Group, A-LIGN, Edelman Financial Engines, Ensemble Health Partners, Foundation Risk Partners, and Octus (formerly Reorg).

“We are thrilled to welcome Martyn Curragh to Warburg Pincus. Martyn is a transformative leader who has consistently demonstrated his ability to drive significant growth and innovation.  He will be a significant resource as we look to accelerate investment in professional and tech-enabled services businesses,” said Ash Somani, Managing Director, Head of San Francisco Office, Warburg Pincus. “We look forward to leveraging his expertise and insights in supporting our portfolio companies and exploring new areas of investing within professional and tech-enabled services. He will be a value-added advisor for our current and future portfolio companies as they continue their growth journeys,” added King Leung, Principal, Warburg Pincus.

“I am thrilled to join Warburg Pincus, a firm well-known for its extensive experience in services investing and uniquely focused on growth within its portfolio,” said Martyn Curragh. “It’s an incredible time to invest given the growing trends in generative AI-driven automation, accelerating outsourcing, and the continued need for sector-specific expertise. I look forward to partnering with management teams to help accelerate profitable growth and work with Warburg Pincus on new areas of investing within tech-enabled services.”

Mr. Curragh is a fellow of the Institute of Chartered Accountants in Ireland and received his undergraduate degree in economics from the Queen’s University of Belfast, Northern Ireland.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $87 billion in assets under management, and more than 220 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Contact

Sarah McGrath Bloom

Director, Communications

Sarah.bloom@warburgpincus.com

Experienced Tech Executive Will Operationalize Growth Strategies at Elite ServiceNow Partner and Digital Workflow Advisor

NewRocket, a leading digital workflow advisor and Elite ServiceNow partner, announced today that it has named Frank Palermo as Chief Operating Officer. Mr. Palermo joins NewRocket with a distinguished track record of scaling technology-driven consultancies and he will play a pivotal role in executing the Company’s strategic growth initiatives. NewRocket is backed by Gryphon Investors (“Gryphon”), a leading middle-market private investment firm.

As an accomplished leader in the technology and consulting sector, Mr. Palermo has a track record of building and growing platform-oriented services businesses and leading many successful business units with services similar to those of NewRocket. He offers extensive experience enhancing customer outcomes by delivering innovative solutions and offerings, driving operational excellence, and directing high-performing teams.

“Having collaborated with Frank on severaI business endeavors, I am thrilled to be working closely with him once again – he brings a unique blend of expertise in AI, data and workflows. He is also skilled at consulting and setting up innovation labs, and he has terrific leadership attributes,” said Harsha Kumar, CEO of NewRocket. “We are confident that his leadership will further strengthen our ability to deliver creative solutions to our clients while expanding our footprint in the Agentic AI and ServiceNow consulting space.”

Prior to joining NewRocket, Mr. Palermo held several technology and business leadership roles at Virtusa, a global engineering services firm. He was a member of Virtusa’s executive leadership team and was instrumental in driving growth from a start-up business to a $2 billion global powerhouse. Mr. Palermo’s roles included developing global technology practices in business process, data and analytics, cloud and customer experience, launching a standalone digital business, building a TMT business, and most recently building a global business consulting and technology advisory practice focused on GenAI.

Prior to Virtusa, Mr. Palermo was CTO of INSCI (Clearstory), a document management, workflow and imaging company that pioneered Internet-based bill presentment and was awarded product of the year. He also held several technology roles at IBM, most notably as one of the early pioneers of the PowerPC microprocessor product line.

Gabe Stephenson, Deal Partner & Head of Gryphon’s Technology Solutions & Services group, noted, “We are excited to have Frank join Harsha’s leadership team to help drive and operationalize NewRocket’s growth strategy and enhance the Company’s leadership position within the ServiceNow ecosystem. We are fortunate to have a talented management team that has scaled businesses from start-up stage to over $1 billion in revenue. Frank’s passion for and knowledge about technology, his hands-on leadership style, and his track record building great businesses will be very additive to NewRocket.”

Mr. Palermo added, “I am delighted and energized to join the NewRocket crew on our mission to be the world’s leading ServiceNow partner. We will leverage ServiceNow’s Agentic AI and Gen AI platform, industry solutions, workflows and data to enable impactful transformations for our clients. I’d like to thank Gryphon and the NewRocket leadership team for providing me this fantastic opportunity.”

About NewRocket

New Rocket brings over 19 years of advising and supporting clients in designing, implementing, and managing digital workflows to improve employee and customer experiences. An Elite ServiceNow Partner and ServiceNow Global Partner Award Winner, the Company has completed over 3,000 projects across nine industry specializations. NewRocket Goes Beyond Workflows™ to help clients transform their enterprise into a place where employees flourish, customers thrive, and people matter. With over 3,000 ServiceNow certifications, NewRocket’s business strategists take a holistic, strategic approach to optimize the ServiceNow platform and help clients solve industry-specific challenges.

About Gryphon Investors
Gryphon Investors is a leading middle-market private investment firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With approximately $10 billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon’s highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance, and accounting expertise. Gryphon’s three core investment strategies include its Flagship, Heritage, and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $500 million per portfolio company. The Junior Capital strategy targets investments of $10 million to $25 million in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon’s targeted investment sectors.

Media Contacts:
Caroline Luz
cluz@lambert.com

203.570.6462
or
Jennifer Hurson
jhurson@lambert.com

845.507.0571

SOURCE NewRocket

CVC is pleased to announce the appointment of Jean-Pierre Saad as a new Managing Partner. Jean-Pierre will join in June 2025 to lead private equity technology investments in Europe and will be based in London.

Jean-Pierre brings a wealth of sector and investment experience having spent over 15 years at KKR. Most recently he was leading KKR’s Technology activities for EMEA Private Equity. Key investments he led/co-led include Exact, SoftwareOne, Devoteam and Koerber Supply Chain Software. Prior to joining KKR, Jean-Pierre was in the telecoms and media team of Lehman Brothers in London.

Soren Vestergaard-Poulsen, Managing Partner and Chair of the Private Equity Board at CVC, said: “I’m delighted that Jean-Pierre is coming on board. His deep sector expertise will strengthen our capabilities to source and execute high-quality investment opportunities in this key sector for CVC.”

Jean-Pierre Saad added: “I am excited to be joining this talented team and look forward to contributing to the CVC’s continuing growth and success. Technology in Europe is a sector with considerable potential and I am excited to help expand the platform and unlock many more of these opportunities.”

CVC is pleased to announce the appointment of Jean-Pierre Saad as a new Managing Partner. Jean-Pierre will join in June 2025 to lead private equity technology investments in Europe and will be based in London.

Jean-Pierre brings a wealth of sector and investment experience having spent over 15 years at KKR. Most recently he was leading KKR’s Technology activities for EMEA Private Equity. Key investments he led/co-led include Exact, SoftwareOne, Devoteam and Koerber Supply Chain Software. Prior to joining KKR, Jean-Pierre was in the telecoms and media team of Lehman Brothers in London.

Soren Vestergaard-Poulsen, Managing Partner and Chair of the Private Equity Board at CVC, said: “I’m delighted that Jean-Pierre is coming on board. His deep sector expertise will strengthen our capabilities to source and execute high-quality investment opportunities in this key sector for CVC.”

Jean-Pierre Saad added: “I am excited to be joining this talented team and look forward to contributing to the CVC’s continuing growth and success. Technology in Europe is a sector with considerable potential and I am excited to help expand the platform and unlock many more of these opportunities.”