Apollo Global Management Inc. (NYSE: APO) launched Apollo Sports Capital, a new investment business focused on capital solutions across the global sports and live events ecosystem, according to a company statement.
The firm appointed Al Tylis as chief executive officer of the new unit. Apollo Partners Rob Givone and Lee Solomon were named co-portfolio managers, while Sam Porter was designated chief strategy officer.
Apollo Sports Capital will invest primarily in credit and hybrid opportunities spanning franchises, leagues, venues, media and events. The permanent capital holding company is designed to provide long-term capital solutions to the sports sector.
"With Apollo Sports Capital, we've set out to build the preeminent investment company in the growing world of sports," said John Zito, co-president of Apollo Asset Management.
Tylis previously led sports investments including ownership positions in Club Necaxa, La Equidad and the Brooklyn Pickleball Team. He serves on boards of G2 Esports, United Pickleball Association and Canvas Property Group. Before joining Apollo Sports Capital, Tylis was president and CEO of NorthStar Asset Management.
"Having owned or invested in many teams and leagues over the years, I know firsthand how valuable Apollo Sports Capital will be to the market," Tylis said.
The new unit builds on Apollo's existing sports investments, with the firm's managed funds having deployed approximately $17 billion in the sector to date, including investments in sports and entertainment companies, media rights, and stadium and league financings.
Apollo had approximately $840 billion in assets under management as of June 30, 2025.
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